1055 Old Hwy 20, McDade TX 78650

My analysis of 7 comparable properties puts this home's estimated value at $475,966. Based on how the local market is moving, a list price between $503,000 and $525,000 would position this home well. Relative to what's currently available in WEST, JAMES, this home would be the most expensive of 2 comparable homes on the market. This home's larger footprint (380 sqft vs the comp average) plays a role in how the market prices it. The larger lot (12.45 acres versus the area average of 4.64) contributes to the valuation. There are currently 2 similar homes on the market in WEST, JAMES, ranging from $390,000 to $565,000. The 6 month price trend in 78650: fallen 19%. The best comp here is 111 Scenic Farms DR, McDade TX 78650 at an adjusted value of $525,497, with a smaller floor plan. With 7 comparable sales in WEST, JAMES, 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