The market data from 7 similar recent sales in SHADOWGLEN points to a value of approximately $313,537. To sell within a reasonable timeframe at fair market value, the $325,000 to $327,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in SHADOWGLEN. With 3 similar homes currently listed in SHADOWGLEN (a buyer's market), competition is a factor to consider. In SHADOWGLEN, home values have fallen approximately 0.2% over the past 6 months. One of the strongest data points is 13808 Tercel TRCE, Manor TX 78653, adjusting to $319,802; 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