The market data from 7 similar recent sales in SHADOWGLEN points to a value of approximately $304,219. To sell within a reasonable timeframe at fair market value, the $295,000 to $313,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 6 comparable homes on the market comparable homes currently on the market in SHADOWGLEN. With 6 similar homes currently listed in SHADOWGLEN (a buyer's market), competition is a factor to consider. In SHADOWGLEN, home values have fallen approximately 11.2% over the past 6 months. One of the strongest data points is 11633 Sun Glass DR, Manor TX 78653, adjusting to $268,444; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group