The comparable sales data (7 recent transactions in NO) supports an estimated value of $1,538,660. The data suggests a list price between $1,922,000 and $1,970,000 would attract qualified buyers without leaving money on the table. This would position the home competitively among 7 active listings in NO. Lot size matters here: 25.01 acres versus 7.98 for the typical comp. With 7 similar homes currently listed in NO (a balanced market), competition is a factor to consider. Prices in NO have fallen 41.3% over the last 6 months. A similar home at 1050 River Mountain RD # A, Wimberley TX 78676 carries an adjusted comparable value of $1,921,598, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in NO. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group