My analysis of 4 comparable properties puts this home's estimated value at $403,579. Based on how the local market is moving, a list price between $437,000 and $443,000 would position this home well. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in BRIARCLIFF INC's current inventory. This home's smaller footprint (194 sqft vs the comp average) plays a role in how the market prices it. At 6 years newer than typical comps, the 2014 build date influences the valuation. The active market in BRIARCLIFF INC includes 7 comparable homes priced from $399,999 to $620,000. The 6 month price trend in BRIARCLIFF INC: risen 4.7%. The best comp here is 408 Cargill DR, Spicewood TX 78669 at an adjusted value of $436,697, with a larger floor plan. With 4 comparable sales in BRIARCLIFF INC, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
