700 S Rainbow Ranch RD, Wimberley TX 78676

The estimated value of this property is $457,994, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $581,000 and $588,000. In the current RAINBOW RANCH market with 5 similar homes available, this price represents the 2nd least expensive of 5 comparable homes on the market. The 129 sqft size difference versus comparable sales is reflected in the adjusted values. The 8.20 acre lot (larger than the 2.62 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in RAINBOW RANCH; 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 1800 N Rainbow Ranch RD, Wimberley TX 78676, with an adjusted value of $566,821; a strong comparable. Based on 7 relevant data points in RAINBOW RANCH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX