Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $414,876. To generate strong buyer interest while maximizing value, I'd price this between $433,000 and $475,000. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78748. The 1948 construction puts this home 50 years older than the comp average, a factor in the pricing. At 1.72 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. 7 similar homes are currently available in 78748, creating a balanced market for this price range. The trend in 78748 shows prices have fallen 4.7% in the past 6 months. 12902 Ben Milam DR, Manchaca TX 78652 nearby adjusts to $296,871; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group