Based on 7 closed sales in RANCHO MADRONE, the data points to a value around $1,243,416 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,206,000 to $1,281,000. Relative to what's currently available in RANCHO MADRONE, this home would be below the only comparable home currently on the market. This home's larger footprint (786 sqft vs the comp average) plays a role in how the market prices it. Being built in 2004 (6 years newer than comps) is factored into the value estimate. There are currently 1 similar homes on the market in RANCHO MADRONE, ranging from $1,500,000 to $1,500,000. Market data shows 78676 prices risen 19.2% over the last half year. The closest comparable sale, 670 Red Hawk RD, Wimberley TX 78676 at an adjusted $3,020,561, 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
