3006 Ranch Road 261, Buchanan Dam TX 78609

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $369,630. I'd recommend coming to market at $362,000 to $377,000 to strike the right balance between value and market velocity. Against 1 similar active listings in 78609, this price point lands at below the only comparable home currently on the market. The 551 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1966, this home is 15 years older than the average comp, which is reflected in the adjustments. Right now, 1 similar properties are competing for buyers in 78609, listed between $219,500 and $219,500. The trend in 78609 shows prices have risen 12.5% in the past 6 months. 1000 Old Spanish TRL, Buchanan Dam TX 78609 nearby adjusts to $123,718; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group