The market data from 7 similar recent sales in 78653 points to a value of approximately $291,255. To sell within a reasonable timeframe at fair market value, the $386,000 to $390,000 range is where I'd position this. In the current 78653 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 1986 construction puts this home 20 years older than the comp average, a factor in the pricing. At 5.92 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. Buyers in 78653 have 7 comparable options right now, with asking prices between $269,900 and $895,000. In 78653, home values have risen approximately 4.4% over the past 6 months. One of the strongest data points is 19408 Great Falls DR, Manor TX 78653, adjusting to $300,225; 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