After reviewing 7 recent transactions in 78676, I estimate this property's value at $692,842. A competitive list price for this home right now would fall in the $679,000 to $707,000 range. Buyers shopping in 78676 right now would see this as a well positioned option among 7 comparable homes. At 171 sqft larger than the typical comp, the size difference factors into the valuation. At 58 years older than typical comps, the 1943 build date influences the valuation. Current inventory shows 7 comparable homes in 78676; a buyer's market based on recent absorption. Prices in 78676 have fallen 13.1% over the last 6 months. A similar home at 219 Blanco DR, Wimberley TX 78676 carries an adjusted comparable value of $486,741, providing a strong data point. With 7 comparable sales in 78676, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
