The market data from 7 similar recent sales in 78669 points to a value of approximately $720,690. To sell within a reasonable timeframe at fair market value, the $527,000 to $537,000 range is where I'd position this. Against 7 similar active listings in 78669, this price point lands at the 4th most expensive of 7 comparable homes on the market. At 0.22 acres, the lot is smaller than the 1.03 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78669, listed between $515,000 and $1,180,000. In 78669, home values have fallen approximately 13.7% over the past 6 months. One of the strongest data points is 515 Coventry RD, Spicewood TX 78669, adjusting to $601,531; 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