511 Mountain Crest DR, Wimberley TX 78676

Reviewing the most recent comparable transactions, this home's market value falls around $773,500. For a well positioned listing in MOUNTAIN CREST, I'd target the $505,000 to $515,000 range. In the current MOUNTAIN CREST market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. This home's larger footprint (299 sqft vs the comp average) plays a role in how the market prices it. The 2005 construction puts this home 5 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in MOUNTAIN CREST; a buyer's market based on recent absorption. Recent trends in 78676 show home values have risen 23.3% since 6 months ago. The most comparable recent sale is 300 W View DR, Wimberley TX 78676, with an adjusted value of $855,141; with a larger floor plan and a pool. The 5 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