The estimated value of this property is $1,086,286, based on 4 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,500,000 and $2,214,000. Against 3 similar active listings in RIVER MOUNTAIN RANCH, this price point lands at the most affordable of 3 comparable homes on the market. Being 159 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 5.37 acre lot (larger than the 5.22 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in RIVER MOUNTAIN RANCH, ranging from $1,775,000 to $2,500,000. Recent trends in RIVER MOUNTAIN RANCH show home values have risen 42.6% since 6 months ago. The most comparable recent sale is 1031 Water Park RD, Wimberley TX 78676, with an adjusted value of $1,165,047; a strong comparable. With 4 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
