Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $457,072. To generate strong buyer interest while maximizing value, I'd price this between $463,000 and $494,000. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in BRIARCLIFF INC. The larger floor plan (111 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1997 construction puts this home 5 years older than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in BRIARCLIFF INC, ranging from $435,000 to $535,000. The trend in BRIARCLIFF INC shows prices have risen 2.5% in the past 6 months. 611 Cargill DR, Spicewood TX 78669 nearby adjusts to $462,932; a strong comparable. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
