After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $663,430. Pricing this home between $644,000 and $683,000 would put it in the competitive sweet spot for 78676. This would position the home competitively among 1 active listings in 78676. This home's larger footprint (1,818 sqft vs the comp average) plays a role in how the market prices it. The larger lot (28.00 acres versus the area average of 1.05) contributes to the valuation. There are currently 1 similar homes on the market in 78676, ranging from $1,750,000 to $1,750,000. Market data shows 78676 prices risen 23.3% over the last half year. The closest comparable sale, 1000 Mount Olive School RD, Wimberley TX 78676 at an adjusted $696,518, is with a smaller floor plan. The comp data here (7 sales in 78676) 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