The market data from 7 similar recent sales in 78610 points to a value of approximately $408,109. To sell within a reasonable timeframe at fair market value, the $445,000 to $447,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78610. At 0.00 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. 7 similar homes are currently available in 78610, creating a buyer's market for this price range. In 78610, home values have fallen approximately 7.8% over the past 6 months. One of the strongest data points is 270 Maribel Ave, Buda TX 78610, adjusting to $385,635; a strong comparable. 7 comparable transactions in 78610 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
