Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $937,818. To generate strong buyer interest while maximizing value, I'd price this between $618,000 and $628,000. Against 6 similar active listings in LAKE OAKS RANCH, this price point lands at the 0th most expensive of 6 comparable homes on the market. At 6.98 acres, the lot is larger than the 2.14 acre comp average, which factors into pricing. There are currently 6 similar homes on the market in LAKE OAKS RANCH, ranging from $670,000 to $1,050,000. The trend in 78669 shows prices have fallen 2.6% in the past 6 months. 515 Coventry RD, Spicewood TX 78669 nearby adjusts to $720,758; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
