The market data from 7 similar recent sales in WATERLEAF points to a value of approximately $261,933. To sell within a reasonable timeframe at fair market value, the $278,000 to $287,000 range is where I'd position this. With 7 comparable homes on the market in WATERLEAF, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 102 sqft smaller than the typical comp, the size difference factors into the valuation. Right now, 7 similar properties are competing for buyers in WATERLEAF, listed between $219,000 and $310,000. In WATERLEAF, home values have fallen approximately 1.4% over the past 6 months. One of the strongest data points is 366 Matthews LN, Kyle TX 78640, adjusting to $249,569; a strong comparable. 7 comparable transactions in WATERLEAF 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