4950 Old Colony Line RD, Dale TX 78616

After reviewing 5 recent transactions in 78616, I estimate this property's value at $428,082. A competitive list price for this home right now would fall in the $420,000 to $650,000 range. This home's position in the current 78616 market: below the only comparable home currently on the market among comparable properties. This home's larger footprint (188 sqft vs the comp average) plays a role in how the market prices it. The larger lot (16.93 acres versus the area average of 11.18) contributes to the valuation. Right now, 1 similar properties are competing for buyers in 78616, listed between $640,000 and $640,000. Prices in 78616 have fallen 4.6% over the last 6 months. A similar home at 6265 Fm 713, Dale TX 78616 carries an adjusted comparable value of $297,859, providing a strong data point. With 5 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