502 Sherwood Forest DR, Granite Shoals TX 78654

Reviewing the most recent comparable transactions, this home's market value falls around $2,796,930. For a well positioned listing in FOREST HILLS, I'd target the $3,200,000 to $3,748,000 range. Among the similar homes currently available in FOREST HILLS, this price point stands out as competitive. Being 298 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.46 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in FOREST HILLS, ranging from $2,650,000 to $3,975,000. Recent trends in FOREST HILLS show home values have fallen 38.5% since 6 months ago. The most comparable recent sale is 1513 Hill Top DR, Granite Shoals TX 78654, with an adjusted value of $850,161; with a larger floor plan and a pool. 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