205 Lake DR, Marble Falls TX 78654

The market data from 7 similar recent sales in NORTHWEST OAKS points to a value of approximately $421,023. To sell within a reasonable timeframe at fair market value, the $408,000 to $434,000 range is where I'd position this. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in NORTHWEST OAKS. The 2004 construction puts this home 11 years newer than the comp average, a factor in the pricing. At 2.97 acres, the lot is larger than the 1.39 acre comp average, which factors into pricing. 1 similar homes are currently available in NORTHWEST OAKS, creating a buyer's market for this price range. In 78654, home values have fallen approximately 25.2% over the past 6 months. One of the strongest data points is 1504 Timber Valley LN, Granite Shoals TX 78654, adjusting to $339,164; a strong comparable. 7 comparable transactions in NORTHWEST 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