420 Mill RD, Maxwell TX 78656

My analysis of 7 comparable properties puts this home's estimated value at $287,122. Based on how the local market is moving, a list price between $222,000 and $232,000 would position this home well. This home's position in the current 78656 market: the most expensive of 7 comparable homes on the market among comparable properties. At 6 years older than typical comps, the 2001 build date influences the valuation. The larger lot (1.01 acres versus the area average of 0.86) contributes to the valuation. With 7 similar homes currently listed in 78656 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78656: fallen 15.4%. The best comp here is 119 Rush HVN, San Marcos TX 78666 at an adjusted value of $219,312, a strong comparable. 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