132 Fm 672, Dale TX 78616

Based on 7 closed sales in BLALOCK, JAMES, the data points to a value around $323,308 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $227,000 to $237,000. This would position the home competitively among 1 active listings in BLALOCK, JAMES. Being built in 1976 (21 years older than comps) is factored into the value estimate. Lot size matters here: 5.50 acres versus 2.03 for the typical comp. Current inventory shows 1 comparable homes in BLALOCK, JAMES; a buyer's market based on recent absorption. Market data shows 78616 prices fallen 4.6% over the last half year. The closest comparable sale, 128 Boyd RD, Red Rock TX 78662 at an adjusted $292,284, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in BLALOCK, JAMES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group