After reviewing 7 recent transactions in COMMUNITY, I estimate this property's value at $362,034. A competitive list price for this home right now would fall in the $227,000 to $237,000 range. Buyers shopping in COMMUNITY right now would see this as a well positioned option among 7 comparable homes. Being 411 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (5.10 acres versus the area average of 0.85) contributes to the valuation. There are currently 7 similar homes on the market in COMMUNITY, ranging from $227,999 to $269,990. Prices in 78633 have risen 2.8% over the last 6 months. A similar home at 270 Kings Row LN, Jarrell TX 76537 carries an adjusted comparable value of $271,142, providing a strong data point. The comp data here (7 sales in COMMUNITY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus