Based on 7 closed sales in RANCHO MADRONE, the data points to a value around $1,235,158 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $761,000 to $771,000. Relative to what's currently available in RANCHO MADRONE, this home would be the most expensive of 2 comparable homes on the market. This home's larger footprint (840 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 25.16 acres versus 12.06 for the typical comp. There are currently 2 similar homes on the market in RANCHO MADRONE, ranging from $775,000 to $1,500,000. Market data shows 78676 prices risen 23.8% over the last half year. The closest comparable sale, 140 Oak Terrace DR, Wimberley TX 78676 at an adjusted $1,374,333, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in RANCHO MADRONE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group