12216 Riprap DR, Manor TX 78653

After reviewing 4 recent transactions in STONEWATER, I estimate this property's value at $323,072. A competitive list price for this home right now would fall in the $346,000 to $369,000 range. Relative to what's currently available in STONEWATER, this home would be the 4th most expensive of 7 comparable homes on the market. This home's larger footprint (154 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.19 acres versus the area average of 0.15) contributes to the valuation. Current inventory shows 7 comparable homes in STONEWATER; a buyer's market based on recent absorption. Prices in STONEWATER have fallen 6.3% over the last 6 months. A similar home at 15024 Breccia RD, Manor TX 78653 carries an adjusted comparable value of $337,224, providing a strong data point. The comp data here (4 sales in STONEWATER) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus