Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $733,699. To generate strong buyer interest while maximizing value, I'd price this between $553,000 and $563,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in FLITE ACRES EAST. The 1978 construction puts this home 7 years older than the comp average, a factor in the pricing. At 1.08 acres, the lot is smaller than the 10.34 acre comp average, which factors into pricing. The active market in FLITE ACRES EAST includes 7 comparable homes priced from $525,000 to $1,995,000. The trend in 78676 shows prices have risen 23.3% in the past 6 months. 151 Summer VW, Wimberley TX 78676 nearby adjusts to $383,071; 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