Reviewing the most recent comparable transactions, this home's market value falls around $303,731. For a well positioned listing in 78640, I'd target the $216,000 to $226,000 range. With 7 comparable homes on the market in 78640, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (108 sqft vs the comp average) plays a role in how the market prices it. The 2001 construction puts this home 13 years older than the comp average, a factor in the pricing. The active market in 78640 includes 7 comparable homes priced from $220,000 to $549,000. Recent trends in 78640 show home values have fallen 0.3% since 6 months ago. The most comparable recent sale is 183 Alma LN, Niederwald TX 78640, with an adjusted value of $301,754; a strong comparable. 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