The estimated value of this property is $518,487, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $632,000 and $677,000. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in BRIARCLIFF INC. The 190 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.26 acre lot (smaller than the 0.31 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in BRIARCLIFF INC; a buyer's market based on recent absorption. Recent trends in BRIARCLIFF INC show home values have fallen 21.9% since 6 months ago. The most comparable recent sale is 712 Newport DR, Spicewood TX 78669, with an adjusted value of $436,714; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
