The estimated value of this property is $440,501, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $493,000 and $498,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in LEDGE RESORT CONDO. The smaller floor plan (481 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1969, this home is 27 years older than the average comp, which is reflected in the adjustments. Right now, 1 similar properties are competing for buyers in LEDGE RESORT CONDO, listed between $420,000 and $420,000. Recent trends in 78669 show home values have fallen 13.8% since 6 months ago. The most comparable recent sale is 519 Cowal DR S, Spicewood TX 78669, with an adjusted value of $270,505; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
