Reviewing the most recent comparable transactions, this home's market value falls around $2,259,613. For a well positioned listing in COVES, I'd target the $1,819,000 to $1,829,000 range. Against 4 similar active listings in COVES, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The smaller floor plan (132 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2007 construction puts this home 5 years newer than the comp average, a factor in the pricing. 4 similar homes are currently available in COVES, creating a buyer's market for this price range. Recent trends in 78669 show home values have risen 18.5% since 6 months ago. The most comparable recent sale is 19901 Angel Bay DR, Spicewood TX 78669, with an adjusted value of $2,504,325; with a larger floor plan and a pool. The 3 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