8615 Fm 672, Dale TX 78616

The market data from 4 similar recent sales in 78616 points to a value of approximately $304,909. To sell within a reasonable timeframe at fair market value, the $468,000 to $491,000 range is where I'd position this. With 3 comparable homes on the market in 78616, this price positions the property as the most affordable of 3 comparable homes on the market. At 166 sqft smaller than the typical comp, the size difference factors into the valuation. The 2015 construction puts this home 40 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in 78616; a buyer's market based on recent absorption. In 78616, home values have fallen approximately 11.4% over the past 6 months. One of the strongest data points is 2255 Old Colony Line RD, Lockhart TX 78644, adjusting to $490,884; a strong comparable. 4 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