Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $455,131. To generate strong buyer interest while maximizing value, I'd price this between $518,000 and $521,000. With 3 comparable homes on the market in BRIARCLIFF INC, this price positions the property as the most affordable of 3 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 3 comparable homes priced from $515,000 to $575,000. The trend in BRIARCLIFF INC shows prices have fallen 20.9% in the past 6 months. 22340 Briarcliff DR, Spicewood TX 78669 nearby adjusts to $407,097; 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