The estimated value of this property is $235,990, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $167,000 and $177,000. Against 6 similar active listings in JONESTOWN HILLS, this price point lands at the 2nd least expensive of 6 comparable homes on the market. At 271 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1984, this home is 15 years older than the average comp, which is reflected in the adjustments. 6 similar homes are currently available in JONESTOWN HILLS, creating a buyer's market for this price range. Recent trends in JONESTOWN HILLS show home values have risen 15.7% since 6 months ago. The most comparable recent sale is 18215 Center ST, Jonestown TX 78645, with an adjusted value of $197,456; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group