The market data from 5 similar recent sales in MEADOWS BUDA SEC ONE points to a value of approximately $328,874. To sell within a reasonable timeframe at fair market value, the $319,000 to $339,000 range is where I'd position this. With 3 comparable homes on the market in MEADOWS BUDA SEC ONE, this price positions the property as the most affordable of 3 comparable homes on the market. The 2006 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.20 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in MEADOWS BUDA SEC ONE, ranging from $325,000 to $375,000. In 78610, home values have fallen approximately 8.9% over the past 6 months. One of the strongest data points is 358 Hot Spring VLY, Buda TX 78610, adjusting to $308,793; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group