The estimated value of this property is $1,233,778, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,793,000 and $1,969,000. Against 6 similar active listings in PALEFACE RANCH, this price point lands at the 2nd least expensive of 6 comparable homes on the market. Being 754 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2.49 acre lot (larger than the 2.39 acre average) is reflected in the estimate. There are currently 6 similar homes on the market in PALEFACE RANCH, ranging from $1,200,770 to $2,995,000. Recent trends in PALEFACE RANCH show home values have fallen 53.3% since 6 months ago. The most comparable recent sale is 23617 Indian Divide CV, Spicewood TX 78669, with an adjusted value of $1,002,578; with a smaller floor plan and a pool. Based on 3 relevant data points in PALEFACE RANCH, 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
