425 Sandy Mountain DR, Sunrise Beach TX 78643

Reviewing the most recent comparable transactions, this home's market value falls around $637,563. For a well positioned listing in 78643, I'd target the $470,000 to $480,000 range. In the current 78643 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 2004 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.20 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78643; a buyer's market based on recent absorption. Recent trends in 78643 show home values have fallen 60.1% since 6 months ago. The most comparable recent sale is 146 Winding WAY, Sunrise Beach TX 78643, with an adjusted value of $1,036,464; 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