12524 Orchard Grove LN, Manor TX 78653

The market data from 7 similar recent sales in EAST points to a value of approximately $496,325. To sell within a reasonable timeframe at fair market value, the $481,000 to $494,000 range is where I'd position this. With 5 comparable homes on the market in EAST, this price positions the property as the most expensive of 5 comparable homes on the market. At 236 sqft larger than the typical comp, the size difference factors into the valuation. At 0.16 acres, the lot is smaller than the 0.21 acre comp average, which factors into pricing. Buyers in EAST have 5 comparable options right now, with asking prices between $399,900 and $464,999. In 78653, home values have risen approximately 1.9% over the past 6 months. One of the strongest data points is 4817 Delancey DR, Manor TX 78653, adjusting to $518,500; a strong comparable. 7 comparable transactions in EAST 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