709 Ranchview DR, Johnson City TX 78636

The market data from 3 similar recent sales in RANCHERS ESTATES points to a value of approximately $560,137. To sell within a reasonable timeframe at fair market value, the $543,000 to $577,000 range is where I'd position this. With 5 comparable homes on the market in RANCHERS ESTATES, this price positions the property as the most affordable of 5 comparable homes on the market. Being 391 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.92 acres, the lot is larger than the 0.76 acre comp average, which factors into pricing. With 5 similar homes currently listed in RANCHERS ESTATES (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 612 Ranchview DR, Johnson City TX 78636, adjusting to $630,913; with a smaller floor plan. 3 comparable transactions in RANCHERS ESTATES 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