The market data from 3 similar recent sales in BROOKSIDE points to a value of approximately $282,844. To sell within a reasonable timeframe at fair market value, the $279,000 to $280,000 range is where I'd position this. Among the similar homes currently available in BROOKSIDE, this price point stands out as competitive. At 133 sqft larger than the typical comp, the size difference factors into the valuation. The 2006 construction puts this home 9 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in BROOKSIDE, creating a seller's market for this price range. In BROOKSIDE, home values have fallen approximately 11.3% over the past 6 months. One of the strongest data points is 181 Otono LOOP, Kyle TX 78640, adjusting to $279,680; with a smaller floor plan. The 3 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