The market data from 4 similar recent sales in COUNTRY ESTATES points to a value of approximately $259,711. To sell within a reasonable timeframe at fair market value, the $270,000 to $274,000 range is where I'd position this. In the current COUNTRY ESTATES market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. This home's smaller footprint (203 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 7 comparable homes in COUNTRY ESTATES; a balanced market based on recent absorption. In COUNTRY ESTATES, home values have fallen approximately 1.6% over the past 6 months. One of the strongest data points is 203 Brooke ST, Hutto TX 78634, adjusting to $255,494; a strong comparable. The 4 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