Reviewing the most recent comparable transactions, this home's market value falls around $364,768. For a well positioned listing in 78602, I'd target the $350,000 to $380,000 range. Against 7 similar active listings in 78602, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (266 sqft vs the comp average) plays a role in how the market prices it. The 2002 construction puts this home 7 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78602, listed between $329,990 and $650,000. Recent trends in 78602 show home values have risen 0.2% since 6 months ago. The most comparable recent sale is 154 Clark Jason LN, Cedar Creek TX 78612, with an adjusted value of $278,810; a strong comparable. 7 comparable transactions in 78602 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