302 McConnell DR, West Lake Hills TX 78746

Reviewing the most recent comparable transactions, this home's market value falls around $1,949,609. For a well positioned listing in WESTLAKE TERRACE, I'd target the $1,184,000 to $1,194,000 range. In the current WESTLAKE TERRACE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 2000 construction puts this home 19 years newer than the comp average, a factor in the pricing. At 0.52 acres, the lot is smaller than the 0.61 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in WESTLAKE TERRACE; 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 501 Westlake DR, West Lake Hills TX 78746, with an adjusted value of $2,204,033; with a smaller floor plan and a pool. 7 comparable transactions in WESTLAKE TERRACE 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