209 Magnolia MDW, Canyon Lake TX 78133

Reviewing the most recent comparable transactions, this home's market value falls around $403,458. For a well positioned listing in 78133, I'd target the $492,000 to $493,000 range. At this price, the property would be the most affordable of 5 comparable homes on the market comparable homes currently on the market in 78133. At 0.51 acres, the lot is smaller than the 0.60 acre comp average, which factors into pricing. With 5 similar homes currently listed in 78133 (a buyer's market), competition is a factor to consider. Recent trends in 78133 show home values have fallen 13.1% since 6 months ago. The most comparable recent sale is 1411 Rocky Ridge LOOP, Canyon Lake TX 78133, with an adjusted value of $400,174; a strong comparable. The 7 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