47 Mesquite DR, Maxwell TX 78656

The market data from 7 similar recent sales in O T MAXWELL points to a value of approximately $219,457. To sell within a reasonable timeframe at fair market value, the $213,000 to $226,000 range is where I'd position this. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in O T MAXWELL. The 2014 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.28 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in O T MAXWELL; a buyer's market based on recent absorption. In 78656, home values have fallen approximately 6.3% over the past 6 months. One of the strongest data points is 155 5th ST, Maxwell TX 78656, adjusting to $175,450; with a smaller floor plan. 7 comparable transactions in O T MAXWELL support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group