The market data from 7 similar recent sales in EAVES B SUR points to a value of approximately $269,049. To sell within a reasonable timeframe at fair market value, the $264,000 to $274,000 range is where I'd position this. Against 4 similar active listings in EAVES B SUR, this price point lands at the most affordable of 4 comparable homes on the market. The 1986 construction puts this home 39 years older than the comp average, a factor in the pricing. At 5.97 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in EAVES B SUR; a balanced market based on recent absorption. In 78633, home values have risen approximately 1.2% over the past 6 months. One of the strongest data points is 448 Jones Beach LN, Jarrell TX 76537, adjusting to $191,102; 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
