274 Legend Oaks, Dale TX 78616

After reviewing 7 recent transactions in 78616, I estimate this property's value at $221,467. A competitive list price for this home right now would fall in the $264,000 to $292,000 range. Buyers shopping in 78616 right now would see this as a well positioned option among 4 comparable homes. The 185 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (15.00 acres versus the area average of 3.31) contributes to the valuation. Current inventory shows 4 comparable homes in 78616; a buyer's market based on recent absorption. Prices in 78616 have fallen 4.6% over the last 6 months. A similar home at 123 Scarlet Oaks DR, Dale TX 78616 carries an adjusted comparable value of $102,212, providing a strong data point. With 7 comparable sales in 78616, 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