323 The FRST, Dale TX 78616

The estimated value of this property is $280,462, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $221,000 and $231,000. Among the similar homes currently available in 78616, this price point stands out as competitive. The 103 sqft size difference versus comparable sales is reflected in the adjusted values. The 10.00 acre lot (larger than the 2.53 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in 78616; a buyer's market based on recent absorption. Recent trends in 78616 show home values have fallen 4.6% since 6 months ago. The most comparable recent sale is 123 Scarlet Oaks DR, Dale TX 78616, with an adjusted value of $108,700; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group