1516 Ocotilla DR, Marble Falls TX 78654

The market data from 7 similar recent sales in NORTHWOOD ACRES points to a value of approximately $297,522. To sell within a reasonable timeframe at fair market value, the $313,000 to $362,000 range is where I'd position this. In the current NORTHWOOD ACRES market with 0 similar homes available, this price represents no active comparable homes on the market. The 192 sqft size difference versus comparable sales is reflected in the adjusted values. The 1973 construction puts this home 15 years older than the comp average, a factor in the pricing. In 78654, home values have risen approximately 8.9% over the past 6 months. One of the strongest data points is 1410 Ocotilla DR, Marble Falls TX 78654, adjusting to $196,112; with a larger floor plan and a pool. 7 comparable transactions in NORTHWOOD ACRES 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