500 S Willis ST, Granger TX 76530

The market data from 4 similar recent sales in LEACH points to a value of approximately $187,137. To sell within a reasonable timeframe at fair market value, the $229,000 to $272,000 range is where I'd position this. Among the similar homes currently available in LEACH, this price point stands out as competitive. The 1942 construction puts this home 34 years older than the comp average, a factor in the pricing. At 0.23 acres, the lot is smaller than the 3.22 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in LEACH; a buyer's market based on recent absorption. In 76530, home values have fallen approximately 56.9% over the past 6 months. One of the strongest data points is 700 E Pecan ST, Granger TX 76530, adjusting to $185,495; a strong comparable. 4 comparable transactions in LEACH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group