The estimated value of this property is $274,584, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $266,000 and $301,000. In the current PLUM CREEK market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. The 201 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.07 acre lot (smaller than the 0.10 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in PLUM CREEK; a buyer's market based on recent absorption. Recent trends in PLUM CREEK show home values have fallen 4.4% since 6 months ago. The most comparable recent sale is 279 Cleveland ST, Kyle TX 78640, with an adjusted value of $266,048; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group