Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $737,881. I'd recommend coming to market at $368,000 to $378,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 6 comparable homes on the market comparable homes currently on the market in SUNRISE BEACH. Being 177 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.50 acre lot (larger than the 0.42 acre average) is reflected in the estimate. With 6 similar homes currently listed in SUNRISE BEACH (a buyer's market), competition is a factor to consider. The trend in SUNRISE BEACH shows prices have risen 58.6% in the past 6 months. 758 Sandy Mountain DR, Sunrise Beach TX 78643 nearby adjusts to $374,362; with a smaller floor plan. Based on 7 relevant data points in SUNRISE BEACH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX