1801 Basin Ledge, West Lake Hills TX 78746

The market data from 3 similar recent sales in STONEHEDGE ESTATES points to a value of approximately $1,335,651. To sell within a reasonable timeframe at fair market value, the $1,309,000 to $1,362,000 range is where I'd position this. In the current STONEHEDGE ESTATES market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. This home's smaller footprint (145 sqft vs the comp average) plays a role in how the market prices it. At 0.67 acres, the lot is larger than the 0.43 acre comp average, which factors into pricing. 7 similar homes are currently available in STONEHEDGE ESTATES, creating a buyer's market for this price range. In STONEHEDGE ESTATES, home values have risen approximately 44.4% over the past 6 months. One of the strongest data points is 1603 Westlake DR, West Lake Hills TX 78746, adjusting to $1,040,770; with a larger floor plan. 3 comparable transactions in STONEHEDGE ESTATES 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