1061 Madrone RD, Fischer TX 78623

Reviewing the most recent comparable transactions, this home's market value falls around $532,805. For a well positioned listing in 78623, I'd target the $558,000 to $576,000 range. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in 78623. The 162 sqft size difference versus comparable sales is reflected in the adjusted values. At 1.01 acres, the lot is larger than the 0.85 acre comp average, which factors into pricing. With 4 similar homes currently listed in 78623 (a buyer's market), competition is a factor to consider. Recent trends in 78623 show home values have risen 9.1% since 6 months ago. The most comparable recent sale is 192 Primrose PATH, Canyon Lake TX 78133, with an adjusted value of $575,811; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group