Reviewing the most recent comparable transactions, this home's market value falls around $515,510. For a well positioned listing in PALEFACE LAKE COUNTRY ESTATES, I'd target the $500,000 to $531,000 range. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in PALEFACE LAKE COUNTRY ESTATES. This home's smaller footprint (434 sqft vs the comp average) plays a role in how the market prices it. At 0.52 acres, the lot is smaller than the 0.81 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in PALEFACE LAKE COUNTRY ESTATES, listed between $585,000 and $585,000. Recent trends in 78669 show home values have risen 10.4% since 6 months ago. The most comparable recent sale is 25421 Pedernales Point DR, Spicewood TX 78669, with an adjusted value of $436,395; with a smaller floor plan. 7 comparable transactions in PALEFACE LAKE COUNTRY ESTATES 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
