2516 Highway 21 W, Dale TX 78616

Reviewing the most recent comparable transactions, this home's market value falls around $238,354. For a well positioned listing in 78616, I'd target the $297,000 to $301,000 range. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in 78616. The 1975 construction puts this home 36 years older than the comp average, a factor in the pricing. At 0.98 acres, the lot is smaller than the 1.13 acre comp average, which factors into pricing. There are currently 2 similar homes on the market in 78616, ranging from $329,900 to $350,000. Recent trends in 78616 show home values have fallen 4.6% since 6 months ago. The most comparable recent sale is 135 Petirrojo CT, Del Valle TX 78617, with an adjusted value of $121,567; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group