168 The Forest RD, Dale TX 78616

Reviewing the most recent comparable transactions, this home's market value falls around $338,804. For a well positioned listing in 78616, I'd target the $442,000 to $449,000 range. Against 2 similar active listings in 78616, this price point lands at the most affordable of 2 comparable homes on the market. At 320 sqft larger than the typical comp, the size difference factors into the valuation. At 1.50 acres, the lot is larger than the 1.30 acre comp average, which factors into pricing. Right now, 2 similar properties are competing for buyers in 78616, listed between $350,000 and $510,000. Recent trends in 78616 show home values have fallen 4.6% since 6 months ago. The most comparable recent sale is 243 Texas Oak DR, Cedar Creek TX 78612, with an adjusted value of $295,857; with a larger floor plan. 5 comparable transactions in 78616 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