216 NW River RD, Martindale TX 78655

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $213,826. I'd recommend coming to market at $221,000 to $224,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78655, this price positions the property as the most affordable of 7 comparable homes on the market. The larger floor plan (133 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1984, this home is 42 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in 78655, ranging from $212,999 to $420,000. The trend in 78655 shows prices have risen 3.7% in the past 6 months. 228 Navidad River DR, San Marcos TX 78666 nearby adjusts to $216,400; a strong comparable. 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