Reviewing the most recent comparable transactions, this home's market value falls around $326,974. For a well positioned listing in BAR-K RANCHES, I'd target the $66,000 to $76,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in BAR-K RANCHES. The 1997 construction puts this home 11 years older than the comp average, a factor in the pricing. At 0.54 acres, the lot is larger than the 0.30 acre comp average, which factors into pricing. 3 similar homes are currently available in BAR-K RANCHES, creating a buyer's market for this price range. Recent trends in BAR-K RANCHES show home values have fallen 2.8% since 6 months ago. The most comparable recent sale is 21204 Diamond CV, Lago Vista TX 78645, with an adjusted value of $288,393; 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