The estimated value of this property is $925,538, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,257,000 and $1,280,000. With 7 comparable homes on the market in TIERRA VISTA, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Being 317 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1.39 acre lot (larger than the 1.30 acre average) is reflected in the estimate. The active market in TIERRA VISTA includes 7 comparable homes priced from $789,900 to $1,750,000. Recent trends in 78669 show home values have fallen 13.7% since 6 months ago. The most comparable recent sale is 23601 Old Ferry RD # 20, Spicewood TX 78669, with an adjusted value of $1,361,000; with a smaller floor plan and a pool. Based on 7 relevant data points in TIERRA VISTA, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
