405 Oak Ridge DR, West Lake Hills TX 78746

The market data from 3 similar recent sales in LIVEOAK TERRACE PT points to a value of approximately $1,458,287. To sell within a reasonable timeframe at fair market value, the $1,429,000 to $1,487,000 range is where I'd position this. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in LIVEOAK TERRACE PT. The smaller floor plan (206 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.41 acres, the lot is larger than the 0.33 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in LIVEOAK TERRACE PT; a buyer's market based on recent absorption. In 78746, home values have fallen approximately 12.6% over the past 6 months. One of the strongest data points is 306 Briarwood TRL, Austin TX 78746, adjusting to $1,490,599; 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