500 S Rainbow Ranch RD, Wimberley TX 78676

After reviewing 7 recent transactions in RAINBOW RANCH, I estimate this property's value at $471,315. A competitive list price for this home right now would fall in the $457,000 to $485,000 range. Buyers shopping in RAINBOW RANCH right now would see this as a well positioned option among 1 comparable homes. Being 308 sqft smaller than the average comparable sale in this area impacts the per square foot value. The larger lot (5.68 acres versus the area average of 2.96) contributes to the valuation. With 1 similar homes currently listed in RAINBOW RANCH (a buyer's market), competition is a factor to consider. Prices in 78676 have risen 23.3% over the last 6 months. A similar home at 1800 N Rainbow Ranch RD, Wimberley TX 78676 carries an adjusted comparable value of $532,849, providing a strong data point. The comp data here (7 sales in RAINBOW RANCH) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus