The market data from 3 similar recent sales in SCOTT G points to a value of approximately $1,034,882. To sell within a reasonable timeframe at fair market value, the $480,000 to $490,000 range is where I'd position this. Among the similar homes currently available in SCOTT G, this price point stands out as competitive. At 1.00 acres, the lot is larger than the 0.86 acre comp average, which factors into pricing. 7 similar homes are currently available in SCOTT G, creating a buyer's market for this price range. In 78669, home values have risen approximately 0.7% over the past 6 months. One of the strongest data points is 22230 Stow CIR, Spicewood TX 78669, adjusting to $474,275; a strong comparable. 3 comparable transactions in SCOTT G support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
