1401 N Penelope ST, Belton TX 76513

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $215,114. I'd recommend coming to market at $246,000 to $248,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in 76513. Being 626 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1952, this home is 54 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in 76513; a balanced market based on recent absorption. The trend in 76513 shows prices have risen 1.8% in the past 6 months. 3065 Summit DR, Belton TX 76513 nearby adjusts to $187,247; with a larger floor plan. Based on 7 relevant data points in 76513, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX