1001 Live Oak Ridge RD, West Lake Hills TX 78746

The market data from 3 similar recent sales in MAYO points to a value of approximately $1,300,265. To sell within a reasonable timeframe at fair market value, the $958,000 to $968,000 range is where I'd position this. In the current MAYO market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. At 1.05 acres, the lot is larger than the 0.99 acre comp average, which factors into pricing. The active market in MAYO includes 7 comparable homes priced from $875,000 to $2,150,000. In 78746, home values have risen approximately 7.1% over the past 6 months. One of the strongest data points is 1201 Yaupon Valley RD, West Lake Hills TX 78746, adjusting to $1,393,728; with a smaller floor plan. 3 comparable transactions in MAYO 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