1000 MADRONE RD, West Lake Hills TX 78746

The market data from 7 similar recent sales in CHAMBERS T points to a value of approximately $1,463,456. To sell within a reasonable timeframe at fair market value, the $655,000 to $665,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in CHAMBERS T. At 0.67 acres, the lot is larger than the 0.41 acre comp average, which factors into pricing. With 7 similar homes currently listed in CHAMBERS T (a buyer's market), competition is a factor to consider. In 78746, home values have risen approximately 7.1% over the past 6 months. One of the strongest data points is 4905 Southcrest DR, Austin TX 78746, adjusting to $1,396,767; a strong comparable. 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