501 Contour DR, Granite Shoals TX 78654

Based on 7 closed sales in SCS, the data points to a value around $562,491 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $340,000 to $350,000. This home's position in the current SCS market: the most expensive of 4 comparable homes on the market among comparable properties. Being built in 1966 (16 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.51 for the typical comp. Current inventory shows 4 comparable homes in SCS; a buyer's market based on recent absorption. Market data shows 78654 prices fallen 20.5% over the last half year. The closest comparable sale, 614 E Briarway DR, Granite Shoals TX 78654 at an adjusted $722,975, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in SCS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group