1419 Redbud TRL, West Lake Hills TX 78746

The estimated value of this property is $2,073,919, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,032,000 and $2,115,000. Against 7 similar active listings in 78746, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The smaller floor plan (244 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.40 acre lot (larger than the 0.82 acre average) is reflected in the estimate. The active market in 78746 includes 7 comparable homes priced from $1,600,000 to $2,395,000. Recent trends in 78746 show home values have fallen 11.1% since 6 months ago. The most comparable recent sale is 509 Terrace Mountain DR, West Lake Hills TX 78746, with an adjusted value of $1,910,868; with a larger floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group