20117 Lockwood RD, Manor TX 78653

The estimated value of this property is $312,982, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $380,000 and $402,000. With 5 comparable homes on the market in LOCKWOOD, this price positions the property as the most affordable of 5 comparable homes on the market. Being 461 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1981, this home is 30 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in LOCKWOOD; a buyer's market based on recent absorption. Recent trends in 78653 show home values have fallen 2.4% since 6 months ago. The most comparable recent sale is 12620 Penguin PATH, Manor TX 78653, with an adjusted value of $333,124; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group