217 Mill ST, Maxwell TX 78656

After reviewing 7 recent transactions in 78656, I estimate this property's value at $241,927. A competitive list price for this home right now would fall in the $194,000 to $204,000 range. Buyers shopping in 78656 right now would see this as a well positioned option among 7 comparable homes. At 92 years older than typical comps, the 1926 build date influences the valuation. The larger lot (0.64 acres versus the area average of 0.25) contributes to the valuation. With 7 similar homes currently listed in 78656 (a buyer's market), competition is a factor to consider. Prices in 78656 have fallen 16.6% over the last 6 months. A similar home at 240 Hummingbird WAY, Martindale TX 78655 carries an adjusted comparable value of $337,364, providing a strong data point. With 7 comparable sales in 78656, 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