507 Royal CT, Cottonwood Shores TX 78654

Based on 7 closed sales in CASTLE TERRACE, the data points to a value around $298,612 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $290,000 to $308,000. This home's position in the current CASTLE TERRACE market: the most expensive of 3 comparable homes on the market among comparable properties. Being built in 2005 (20 years newer than comps) is factored into the value estimate. Lot size matters here: 0.46 acres versus 0.34 for the typical comp. 3 similar homes are currently available in CASTLE TERRACE, creating a buyer's market for this price range. Market data shows 78654 prices fallen 20.5% over the last half year. The closest comparable sale, 336 Granite ROW, Meadowlakes TX 78654 at an adjusted $343,670, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus