204 Vela WAY, Little River Academy TX 76554

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $229,998. Pricing this home between $232,000 and $247,000 would put it in the competitive sweet spot for 76554. This pricing would rank the home as the most expensive of 2 comparable homes on the market in 76554's current inventory. At 8 years older than typical comps, the 2001 build date influences the valuation. The smaller lot (0.25 acres versus the area average of 0.62) contributes to the valuation. Current inventory shows 2 comparable homes in 76554; a buyer's market based on recent absorption. Market data shows 76554 prices fallen 62.7% over the last half year. The closest comparable sale, 5623 Alexandria DR, Temple TX 76502 at an adjusted $218,253, is a strong comparable. With 7 comparable sales in 76554, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group