Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $950,193. To generate strong buyer interest while maximizing value, I'd price this between $565,000 and $575,000. Against 7 similar active listings in LAKE OAKS RANCH, this price point lands at the 2nd most expensive of 7 comparable homes on the market. Being 135 sqft larger than the average comparable sale in this area impacts the per square foot value. At 6.98 acres, the lot is larger than the 1.70 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in LAKE OAKS RANCH, ranging from $615,000 to $1,495,000. The trend in 78669 shows prices have risen 19.6% in the past 6 months. 258 Coopers Bend RD, Spicewood TX 78669 nearby adjusts to $1,231,983; with a smaller floor plan. 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
