600 Ledgeway ST, West Lake Hills TX 78746

After reviewing 3 recent transactions in MORA, I estimate this property's value at $3,774,891. A competitive list price for this home right now would fall in the $4,570,000 to $5,196,000 range. This home's position in the current MORA market: the most affordable of 3 comparable homes on the market among comparable properties. At 6 years newer than typical comps, the 2018 build date influences the valuation. The larger lot (1.47 acres versus the area average of 1.01) contributes to the valuation. Current inventory shows 3 comparable homes in MORA; a buyer's market based on recent absorption. Prices in 78746 have fallen 4.4% over the last 6 months. A similar home at 203 Wild Cat HOLW, West Lake Hills TX 78746 carries an adjusted comparable value of $4,570,150, providing a strong data point. With 3 comparable sales in MORA, 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