Reviewing the most recent comparable transactions, this home's market value falls around $369,761. For a well positioned listing in SHADY CREEK RANCHES, I'd target the $468,000 to $478,000 range. Against 2 similar active listings in SHADY CREEK RANCHES, this price point lands at the most affordable of 2 comparable homes on the market. At 4.83 acres, the lot is larger than the 2.68 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in SHADY CREEK RANCHES; a buyer's market based on recent absorption. Recent trends in 78669 show home values have fallen 10% since 6 months ago. The most comparable recent sale is 825 Turkey Tree RD, Spicewood TX 78669, with an adjusted value of $323,009; a strong comparable. 7 comparable transactions in SHADY CREEK RANCHES 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