119 County Road 403b, Marble Falls TX 78654

Reviewing the most recent comparable transactions, this home's market value falls around $356,207. For a well positioned listing in SOUTH OAKS, I'd target the $291,000 to $301,000 range. Against 7 similar active listings in SOUTH OAKS, this price point lands at the most expensive of 7 comparable homes on the market. The 2002 construction puts this home 22 years older than the comp average, a factor in the pricing. At 5.03 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SOUTH OAKS; a buyer's market based on recent absorption. Recent trends in 78654 show home values have fallen 26.4% since 6 months ago. The most comparable recent sale is 220 Firethorn RD, Marble Falls TX 78654, with an adjusted value of $379,780; a strong comparable. 7 comparable transactions in SOUTH OAKS 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