523 S 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 $230,043. I'd recommend coming to market at $253,000 to $300,000 to strike the right balance between value and market velocity. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in 76513. Being 936 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1930, this home is 20 years older than the average comp, which is reflected in the adjustments. The trend in 76513 shows prices have fallen 10.5% in the past 6 months. 404 E 9th Ave, Belton TX 76513 nearby adjusts to $299,752; 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