285 E Summit DR, Wimberley TX 78676

The market data from 7 similar recent sales in CYPRESS CREEK ACRES points to a value of approximately $390,400. To sell within a reasonable timeframe at fair market value, the $383,000 to $398,000 range is where I'd position this. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in CYPRESS CREEK ACRES. Being 197 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 1.66 acres, the lot is larger than the 0.56 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in CYPRESS CREEK ACRES; a buyer's market based on recent absorption. In 78676, home values have fallen approximately 11% over the past 6 months. One of the strongest data points is 330 Shady Bluff DR, Wimberley TX 78676, adjusting to $268,976; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group