The estimated value of this property is $342,717, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $392,000 and $395,000. Among the similar homes currently available in WC, this price point stands out as competitive. This home's smaller footprint (354 sqft vs the comp average) plays a role in how the market prices it. Built in 1978, this home is 16 years older than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in WC, creating a buyer's market for this price range. Recent trends in 78676 show home values have risen 20.7% since 6 months ago. The most comparable recent sale is 18 Deer Ridge RD, Wimberley TX 78676, with an adjusted value of $286,485; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group