223 Kelley/CR342 LOOP, Gonzales TX 78629

The estimated value of this property is $282,523, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $158,000 and $168,000. In the current 78629 market with 1 similar homes available, this price represents below the only comparable home currently on the market. This home's smaller footprint (420 sqft vs the comp average) plays a role in how the market prices it. Built in 1999, this home is 26 years newer than the average comp, which is reflected in the adjustments. With 1 similar homes currently listed in 78629 (a buyer's market), competition is a factor to consider. Recent trends in 78629 show home values have fallen 4.5% since 6 months ago. The most comparable recent sale is 302 Rather ST, Gonzales TX 78629, with an adjusted value of $325,975; with a larger floor plan. Based on 7 relevant data points in 78629, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX