1103 Live Oak Ridge RD, West Lake Hills TX 78746

Reviewing the most recent comparable transactions, this home's market value falls around $4,932,574. For a well positioned listing in WESTLAKE HILLS, I'd target the $6,045,000 to $7,795,000 range. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in WESTLAKE HILLS. At 392 sqft smaller than the typical comp, the size difference factors into the valuation. At 1.20 acres, the lot is smaller than the 1.26 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in WESTLAKE HILLS; a buyer's market based on recent absorption. Recent trends in 78746 show home values have risen 5.9% since 6 months ago. The most comparable recent sale is 1101 Sprague LN, West Lake Hills TX 78746, with an adjusted value of $2,708,195; with a larger floor plan. The 3 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