1201 Deer Lake RD, Wimberley TX 78676

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $446,749. I'd recommend coming to market at $438,000 to $456,000 to strike the right balance between value and market velocity. With 1 comparable homes on the market in 78676, this price positions the property as below the only comparable home currently on the market. This home's smaller footprint (109 sqft vs the comp average) plays a role in how the market prices it. Built in 1992, this home is 6 years older than the average comp, which is reflected in the adjustments. 1 similar homes are currently available in 78676, creating a buyer's market for this price range. The trend in 78676 shows prices have fallen 10.3% in the past 6 months. 107 S Rainbow Ranch RD, Wimberley TX 78676 nearby adjusts to $617,816; a strong comparable. Based on 7 relevant data points in 78676, 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