The market data from 7 similar recent sales in BRIARCLIFF points to a value of approximately $910,815. To sell within a reasonable timeframe at fair market value, the $793,000 to $803,000 range is where I'd position this. In the current BRIARCLIFF market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. At 511 sqft larger than the typical comp, the size difference factors into the valuation. The 2015 construction puts this home 5 years newer than the comp average, a factor in the pricing. With 2 similar homes currently listed in BRIARCLIFF (a buyer's market), competition is a factor to consider. In 78669, home values have risen approximately 5.3% over the past 6 months. One of the strongest data points is 903 Cat Hollow Club DR # C11, Spicewood TX 78669, adjusting to $787,481; 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
