The comparable sales data (7 recent transactions in STOVAL, GEO) supports an estimated value of $403,341. The data suggests a list price between $232,000 and $242,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in STOVAL, GEO's current inventory. This home's larger footprint (198 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 1.00 acres versus 2.76 for the typical comp. With 7 similar homes currently listed in STOVAL, GEO (a buyer's market), competition is a factor to consider. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 115 Pine Cone LN, Elgin TX 78621 carries an adjusted comparable value of $407,471, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus