500 Saddle Back TRL, Cibolo TX 78108

The market data from 3 similar recent sales in 78108 points to a value of approximately $333,156. To sell within a reasonable timeframe at fair market value, the $214,000 to $224,000 range is where I'd position this. With 4 comparable homes on the market in 78108, this price positions the property as the most expensive of 4 comparable homes on the market. The smaller floor plan (313 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.14 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. 4 similar homes are currently available in 78108, creating a buyer's market for this price range. In 78108, home values have fallen approximately 24.4% over the past 6 months. One of the strongest data points is 661 Bison LN, Cibolo TX 78108, adjusting to $350,972; with a larger floor plan. 3 comparable transactions in 78108 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