After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,144,354. Pricing this home between $1,594,000 and $1,699,000 would put it in the competitive sweet spot for THURMAN BEND ESTATES. This pricing would rank the home as the most affordable of 2 comparable homes on the market in THURMAN BEND ESTATES's current inventory. At 101 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (2.21 acres versus the area average of 2.12) contributes to the valuation. Current inventory shows 2 comparable homes in THURMAN BEND ESTATES; a buyer's market based on recent absorption. Market data shows 78669 prices risen 5.4% over the last half year. The closest comparable sale, 406 N Ronay DR, Spicewood TX 78669 at an adjusted $841,339, is with a smaller floor plan. With 7 comparable sales in THURMAN BEND ESTATES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
