After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $436,199. Pricing this home between $566,000 and $606,000 would put it in the competitive sweet spot for STOVAL, GEO. Buyers shopping in STOVAL, GEO right now would see this as a well positioned option among 0 comparable homes. The larger floor plan (926 sqft compared to the average comp) is a meaningful differentiator in this price range. At 32 years older than typical comps, the 1982 build date influences the valuation. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 507 Arbors CIR, Elgin TX 78621 at an adjusted $566,498, is a strong comparable. With 7 comparable sales in STOVAL, GEO, 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