Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $166,753. To generate strong buyer interest while maximizing value, I'd price this between $271,000 and $309,000. In the current 78645 market with 6 similar homes available, this price represents the most affordable of 6 comparable homes on the market. At 2.14 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in 78645, listed between $245,000 and $749,500. The trend in 78645 shows prices have fallen 3.2% in the past 6 months. 11811 Evergreen DR, Jonestown TX 78645 nearby adjusts to $61,635; a strong comparable. 7 comparable transactions in 78645 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