Reviewing the most recent comparable transactions, this home's market value falls around $295,525. For a well positioned listing in JENKS BRANCH, I'd target the $325,000 to $326,000 range. In the current JENKS BRANCH market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 1983 construction puts this home 30 years older than the comp average, a factor in the pricing. At 0.56 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Buyers in JENKS BRANCH have 7 comparable options right now, with asking prices between $300,000 and $749,999. Recent trends in 78642 show home values have fallen 1.4% since 6 months ago. The most comparable recent sale is 114 Bryson BND, Liberty Hill TX 78642, with an adjusted value of $266,552; 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