Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $865,417. I'd recommend coming to market at $737,000 to $747,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in LAS LOMAS. At 259 sqft smaller than the typical comp, the size difference factors into the valuation. The 10.01 acre lot (larger than the 4.33 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in LAS LOMAS, listed between $699,500 and $1,425,000. The trend in 78676 shows prices have fallen 0.4% in the past 6 months. 700 Camino De Rancho, Wimberley TX 78676 nearby adjusts to $542,491; with a larger floor plan. Based on 7 relevant data points in LAS LOMAS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX