The estimated value of this property is $280,218, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $180,000 and $190,000. Against 7 similar active listings in STONEFIELD, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 0.00 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in STONEFIELD; a buyer's market based on recent absorption. Recent trends in 78610 show home values have fallen 8.9% since 6 months ago. The most comparable recent sale is 206 Shale CIR, Buda TX 78610, with an adjusted value of $274,898; a strong comparable. With 7 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