11001 Parsons RD, Manor TX 78653

The market data from 7 similar recent sales in JENNINGS G points to a value of approximately $244,505. To sell within a reasonable timeframe at fair market value, the $181,000 to $191,000 range is where I'd position this. With 7 comparable homes on the market in JENNINGS G, this price positions the property as the most expensive of 7 comparable homes on the market. The 1961 construction puts this home 40 years older than the comp average, a factor in the pricing. At 6.35 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in JENNINGS G; a buyer's market based on recent absorption. In 78653, home values have fallen approximately 2.3% over the past 6 months. One of the strongest data points is 12220 Briarcreek LOOP, Manor TX 78653, adjusting to $150,896; a strong comparable. 7 comparable transactions in JENNINGS G 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