The market data from 5 similar recent sales in WILDHORSE CREEK points to a value of approximately $273,245. To sell within a reasonable timeframe at fair market value, the $214,000 to $224,000 range is where I'd position this. In the current WILDHORSE CREEK market with 6 similar homes available, this price represents the 2nd least expensive of 6 comparable homes on the market. At 214 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 6 comparable homes in WILDHORSE CREEK; a buyer's market based on recent absorption. In WILDHORSE CREEK, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 11308 Burton ST, Manor TX 78653, adjusting to $241,650; with a smaller floor plan. 5 comparable transactions in WILDHORSE CREEK 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