After reviewing 7 recent transactions in SKYLINE TERRACE, I estimate this property's value at $1,667,073. A competitive list price for this home right now would fall in the $1,634,000 to $1,700,000 range. This home's position in the current SKYLINE TERRACE market: the most expensive of 7 comparable homes on the market among comparable properties. At 419 sqft smaller than the typical comp, the size difference factors into the valuation. At 17 years newer than typical comps, the 1992 build date influences the valuation. There are currently 7 similar homes on the market in SKYLINE TERRACE, ranging from $1,050,000 to $1,700,000. Prices in 78746 have fallen 2.5% over the last 6 months. A similar home at 1603 Westlake DR, West Lake Hills TX 78746 carries an adjusted comparable value of $1,146,976, providing a strong data point. With 7 comparable sales in SKYLINE TERRACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
