After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $318,304. Pricing this home between $487,000 and $519,000 would put it in the competitive sweet spot for LAKE SANDY. Relative to what's currently available in LAKE SANDY, this home would be the 2nd least expensive of 7 comparable homes on the market. This home's smaller footprint (240 sqft vs the comp average) plays a role in how the market prices it. At 36 years older than typical comps, the 1955 build date influences the valuation. Right now, 7 similar properties are competing for buyers in LAKE SANDY, listed between $284,500 and $1,885,000. Market data shows 78645 prices fallen 3.8% over the last half year. The closest comparable sale, 11001 Sage ST, Jonestown TX 78645 at an adjusted $313,211, is a strong comparable. The comp data here (7 sales in LAKE SANDY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus