The market data from 7 similar recent sales in STEEPLECHASE points to a value of approximately $239,653. To sell within a reasonable timeframe at fair market value, the $259,000 to $262,000 range is where I'd position this. Among the similar homes currently available in STEEPLECHASE, this price point stands out as competitive. With 6 similar homes currently listed in STEEPLECHASE (a buyer's market), competition is a factor to consider. In STEEPLECHASE, home values have risen approximately 4.7% over the past 6 months. One of the strongest data points is 160 Orion CV, Kyle TX 78640, adjusting to $218,083; with a larger 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