715 Ridge RD, Wimberley TX 78676

The estimated value of this property is $449,782, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $221,000 and $231,000. In the current PARADISE HILLS market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. Built in 1980, this home is 22 years older than the average comp, which is reflected in the adjustments. The 0.65 acre lot (smaller than the 1.64 acre average) is reflected in the estimate. With 5 similar homes currently listed in PARADISE HILLS (a buyer's market), competition is a factor to consider. Recent trends in 78676 show home values have risen 14.8% since 6 months ago. The most comparable recent sale is 112 Liberty Ln LN, Wimberley TX 78676, with an adjusted value of $433,701; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group