Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $583,714. To generate strong buyer interest while maximizing value, I'd price this between $566,000 and $601,000. With 4 comparable homes on the market in BRIARCLIFF INC, this price positions the property as the most affordable of 4 comparable homes on the market. At 211 sqft larger than the typical comp, the size difference factors into the valuation. At 0.27 acres, the lot is smaller than the 0.30 acre comp average, which factors into pricing. The active market in BRIARCLIFF INC includes 4 comparable homes priced from $590,000 to $750,000. The trend in BRIARCLIFF INC shows prices have fallen 15.1% in the past 6 months. 813 Newport DR, Spicewood TX 78669 nearby adjusts to $737,118; a strong comparable. The 4 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
