Reviewing the most recent comparable transactions, this home's market value falls around $419,032. For a well positioned listing in CYPRESS POINT, I'd target the $295,000 to $305,000 range. With 7 comparable homes on the market in CYPRESS POINT, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (316 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1985 construction puts this home 23 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in CYPRESS POINT, creating a buyer's market for this price range. Recent trends in 78676 show home values have risen 23.3% since 6 months ago. The most comparable recent sale is 23 Cypress PT, Wimberley TX 78676, with an adjusted value of $326,400; a strong comparable. 7 comparable transactions in CYPRESS POINT 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