518 Avenue E, Marble Falls TX 78654

My analysis of 7 comparable properties puts this home's estimated value at $355,173. Based on how the local market is moving, a list price between $262,000 and $272,000 would position this home well. Relative to what's currently available in MARBLE FALLS CITY, this home would be the 2nd most expensive of 7 comparable homes on the market. At 54 years older than typical comps, the 1930 build date influences the valuation. The larger lot (0.28 acres versus the area average of 0.25) contributes to the valuation. Current inventory shows 7 comparable homes in MARBLE FALLS CITY; a buyer's market based on recent absorption. The 6 month price trend in 78654: fallen 22.2%. The best comp here is 605 S Avenue J, Marble Falls TX 78654 at an adjusted value of $262,485, a strong comparable. With 7 comparable sales in MARBLE FALLS CITY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group