2505 Caldwell LN, Del Valle TX 78617

The estimated value of this property is $386,277, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $273,000 and $283,000. In the current 78617 market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. This home's smaller footprint (307 sqft vs the comp average) plays a role in how the market prices it. The 6.90 acre lot (larger than the 3.08 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in 78617; a buyer's market based on recent absorption. Recent trends in 78617 show home values have fallen 4.5% since 6 months ago. The most comparable recent sale is 21400 Webberwood RDG, Elgin TX 78621, with an adjusted value of $299,345; 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