12716 New Katy, Manor TX 78653

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $319,986. To generate strong buyer interest while maximizing value, I'd price this between $248,000 and $258,000. Against 7 similar active listings in GATES, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 1997 construction puts this home 10 years older than the comp average, a factor in the pricing. At 0.74 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. 7 similar homes are currently available in GATES, creating a buyer's market for this price range. The trend in 78653 shows prices have risen 1.6% in the past 6 months. 12856 Saint Mary DR, Manor TX 78653 nearby adjusts to $312,550; with a smaller floor plan. 7 comparable transactions in GATES 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