824 CR 131, Marble Falls TX 78654

The estimated value of this property is $250,905, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $337,000 and $386,000. With 5 comparable homes on the market in SHADY ACRES, this price positions the property as the most affordable of 5 comparable homes on the market. Built in 1960, this home is 28 years older than the average comp, which is reflected in the adjustments. The 0.43 acre lot (smaller than the 0.88 acre average) is reflected in the estimate. With 5 similar homes currently listed in SHADY ACRES (a buyer's market), competition is a factor to consider. Recent trends in 78654 show home values have fallen 21.6% since 6 months ago. The most comparable recent sale is 145 Rock BLF, Kingsland TX 78639, with an adjusted value of $167,575; 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