116 W Blanco Bend DR, Wimberley TX 78676

The estimated value of this property is $702,700, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,072,000 and $1,131,000. Against 7 similar active listings in BLANCO BEND #1, this price point lands at the most affordable of 7 comparable homes on the market. This home's larger footprint (417 sqft vs the comp average) plays a role in how the market prices it. Built in 1979, this home is 36 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in BLANCO BEND #1; a buyer's market based on recent absorption. Recent trends in 78676 show home values have risen 19.5% since 6 months ago. The most comparable recent sale is 22 La Toya TRL, Wimberley TX 78676, with an adjusted value of $582,736; with a smaller floor plan. Based on 5 relevant data points in BLANCO BEND #1, 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