701 Spoke Hollow RD, Wimberley TX 78676

The market data from 7 similar recent sales in L C GIBBS SURVEY points to a value of approximately $493,843. To sell within a reasonable timeframe at fair market value, the $252,000 to $262,000 range is where I'd position this. Against 5 similar active listings in L C GIBBS SURVEY, this price point lands at the most expensive of 5 comparable homes on the market. The 625 sqft size difference versus comparable sales is reflected in the adjusted values. At 1.99 acres, the lot is larger than the 1.34 acre comp average, which factors into pricing. 5 similar homes are currently available in L C GIBBS SURVEY, creating a buyer's market for this price range. In 78676, home values have fallen approximately 2.9% over the past 6 months. One of the strongest data points is 225 Cedar Springs DR, Wimberley TX 78676, adjusting to $368,446; a strong comparable. 7 comparable transactions in L C GIBBS SURVEY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group