Based on 7 closed sales in RANCHO MADRONE, the data points to a value around $1,388,198 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,360,000 to $1,416,000. Relative to what's currently available in RANCHO MADRONE, this home would be the 2nd most expensive of 5 comparable homes on the market. This home's larger footprint (755 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 25.16 acres versus 13.26 for the typical comp. There are currently 5 similar homes on the market in RANCHO MADRONE, ranging from $960,000 to $1,975,000. Market data shows 78676 prices fallen 13% over the last half year. The closest comparable sale, 141 Lookout DR, Wimberley TX 78676 at an adjusted $1,352,640, 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
