The market data from 7 similar recent sales in 78653 points to a value of approximately $387,651. To sell within a reasonable timeframe at fair market value, the $484,000 to $526,000 range is where I'd position this. In the current 78653 market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. At 1,327 sqft larger than the typical comp, the size difference factors into the valuation. The 1984 construction puts this home 11 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78653, listed between $449,900 and $2,000,000. In 78653, home values have risen approximately 4.4% over the past 6 months. One of the strongest data points is 10427 Kirken ST, Manor TX 78653, adjusting to $626,966; with a larger floor plan and a pool. 7 comparable transactions in 78653 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