Taking into account 7 nearby comparable sales, this property's estimated value comes to $531,569. If we were to list this property today, I'd recommend a list price in the $295,000 to $305,000 range. This home's position in the current 78615 market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. Being 487 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 1994 (22 years older than comps) is factored into the value estimate. 4 similar homes are currently available in 78615, creating a buyer's market for this price range. The 6 month price trend in 78615: fallen 38.4%. The best comp here is 300-A Herrin ST, Coupland TX 78615 at an adjusted value of $640,583, 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