207 Ranchview DR, Johnson City TX 78636

The market data from 7 similar recent sales in 78636 points to a value of approximately $230,967. To sell within a reasonable timeframe at fair market value, the $224,000 to $238,000 range is where I'd position this. With 1 comparable homes on the market in 78636, this price positions the property as below the only comparable home currently on the market. This home's smaller footprint (491 sqft vs the comp average) plays a role in how the market prices it. The 1961 construction puts this home 30 years older than the comp average, a factor in the pricing. With 1 similar homes currently listed in 78636 (a buyer's market), competition is a factor to consider. In 78636, home values have fallen approximately 23.3% over the past 6 months. One of the strongest data points is 406 Avenue E, Johnson City TX 78636, adjusting to $264,005; a strong comparable. 7 comparable transactions in 78636 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