154 Caracara LN, Dale TX 78616

My analysis of 7 comparable properties puts this home's estimated value at $243,340. Based on how the local market is moving, a list price between $236,000 and $251,000 would position this home well. This home's position in the current A040 market: above the only comparable home currently on the market among comparable properties. At 24 years older than typical comps, the 1988 build date influences the valuation. The smaller lot (1.00 acres versus the area average of 1.80) contributes to the valuation. Current inventory shows 1 comparable homes in A040; a buyer's market based on recent absorption. The 6 month price trend in 78616: fallen 12.4%. The best comp here is 1607 Century Oaks DR, Lockhart TX 78644 at an adjusted value of $257,805, a strong comparable. With 7 comparable sales in A040, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group