The market data from 7 similar recent sales in 78645 points to a value of approximately $1,041,151. To sell within a reasonable timeframe at fair market value, the $635,000 to $645,000 range is where I'd position this. Among the similar homes currently available in 78645, this price point stands out as competitive. At 3.89 acres, the lot is larger than the 2.14 acre comp average, which factors into pricing. 7 similar homes are currently available in 78645, creating a buyer's market for this price range. In 78645, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 17109 Northlake Hills DR, Jonestown TX 78645, adjusting to $780,408; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group