The market data from 7 similar recent sales in BRIARCLIFF points to a value of approximately $974,171. To sell within a reasonable timeframe at fair market value, the $861,000 to $868,000 range is where I'd position this. In the current BRIARCLIFF market with 2 similar homes available, this price represents the 0th most expensive of 2 comparable homes on the market. At 503 sqft larger than the typical comp, the size difference factors into the valuation. At 0.64 acres, the lot is larger than the 0.48 acre comp average, which factors into pricing. With 2 similar homes currently listed in BRIARCLIFF (a buyer's market), competition is a factor to consider. In 78669, home values have fallen approximately 0.1% over the past 6 months. One of the strongest data points is 903 Cat Hollow Club DR # C11, Spicewood TX 78669, adjusting to $787,674; with a smaller floor plan. The 7 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
