After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $313,815. Pricing this home between $308,000 and $320,000 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. At 36 years older than typical comps, the 1955 build date influences the valuation. The larger lot (0.75 acres versus the area average of 0.28) contributes to the valuation. Right now, 7 similar properties are competing for buyers in LAKE SANDY, listed between $280,000 and $1,879,000. Market data shows 78645 prices fallen 1.2% over the last half year. The closest comparable sale, 10502 W Lakeview DR, Jonestown TX 78645 at an adjusted $312,260, 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