501 Terrace Mountain DR, West Lake Hills TX 78746

5 recent sales in the surrounding area of this address suggest a current value of $1,949,890. My recommended list price range for this property would be $3,217,000 to $3,275,000. With 7 comparable homes on the market in STONEHEDGE ESTATES, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 2006, this home is 7 years newer than the average comp, which is reflected in the adjustments. The 0.84 acre lot (smaller than the 1.08 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in STONEHEDGE ESTATES; a buyer's market based on recent absorption. In 78746, home values have risen approximately 7.1% over the past 6 months. One of the strongest data points is 4904 Old Bee Caves RD, Austin TX 78746, adjusting to $1,810,527; with a smaller floor plan. With 5 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