109 Martindale ST, Martindale TX 78655

Reviewing the most recent comparable transactions, this home's market value falls around $190,367. For a well positioned listing in NEW, I'd target the $185,000 to $196,000 range. With 7 comparable homes on the market in NEW, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 1947 construction puts this home 76 years older than the comp average, a factor in the pricing. At 0.35 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in NEW, ranging from $184,999 to $420,000. Recent trends in 78655 show home values have risen 3.7% since 6 months ago. The most comparable recent sale is 313 Trinity River HOLW, San Marcos TX 78666, with an adjusted value of $189,578; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group