Based on 7 closed sales in RANCHO MADRONE, the data points to a value around $1,374,702 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,347,000 to $1,402,000. Relative to what's currently available in RANCHO MADRONE, this home would be the 2nd most expensive of 4 comparable homes on the market. This home's larger footprint (603 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 25.16 acres versus 13.65 for the typical comp. There are currently 4 similar homes on the market in RANCHO MADRONE, ranging from $985,000 to $1,975,000. Market data shows 78676 prices fallen 12.3% over the last half year. The closest comparable sale, 141 Lookout DR, Wimberley TX 78676 at an adjusted $1,352,520, is with a larger 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
