Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $455,069. To generate strong buyer interest while maximizing value, I'd price this between $517,000 and $521,000. With 4 comparable homes on the market in BRIARCLIFF INC, this price positions the property as the most affordable of 4 comparable homes on the market. At 0.43 acres, the lot is larger than the 0.36 acre comp average, which factors into pricing. The active market in BRIARCLIFF INC includes 4 comparable homes priced from $520,000 to $590,000. The trend in BRIARCLIFF INC shows prices have fallen 18.5% in the past 6 months. 22340 Briarcliff DR, Spicewood TX 78669 nearby adjusts to $407,175; a strong comparable. The 6 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