376 Mesa DR, Del Valle TX 78617

The market data from 7 similar recent sales in RAINBOW HILL points to a value of approximately $221,202. To sell within a reasonable timeframe at fair market value, the $217,000 to $226,000 range is where I'd position this. In the current RAINBOW HILL market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. Being 159 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 2.02 acres, the lot is larger than the 0.59 acre comp average, which factors into pricing. 2 similar homes are currently available in RAINBOW HILL, creating a buyer's market for this price range. In 78617, home values have fallen approximately 4.6% over the past 6 months. One of the strongest data points is 7212 Great Panda CV, Del Valle TX 78617, adjusting to $247,991; a strong comparable. 7 comparable transactions in RAINBOW HILL 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