My analysis of 4 comparable properties puts this home's estimated value at $396,001. Based on how the local market is moving, a list price between $384,000 and $408,000 would position this home well. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in BRIARCLIFF INC's current inventory. This home's smaller footprint (166 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 4 comparable homes priced from $425,000 to $545,000. The 6 month price trend in BRIARCLIFF INC: fallen 20.9%. The best comp here is 202 Dunkeld DR, Spicewood TX 78669 at an adjusted value of $406,946, 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
