The market data from 7 similar recent sales in WALLING PLACE points to a value of approximately $347,107. To sell within a reasonable timeframe at fair market value, the $158,000 to $168,000 range is where I'd position this. Among the similar homes currently available in WALLING PLACE, this price point stands out as competitive. Being 327 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1935 construction puts this home 27 years older than the comp average, a factor in the pricing. The active market in WALLING PLACE includes 7 comparable homes priced from $174,900 to $285,000. In 78756, home values have fallen approximately 14.6% over the past 6 months. One of the strongest data points is 912 W 22nd ST # 201, Austin TX 78705, adjusting to $234,456; 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