The comparable sales data (7 recent transactions in RINDS, THOMAS) supports an estimated value of $353,383. The data suggests a list price between $405,000 and $407,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as no active comparable homes on the market in RINDS, THOMAS's current inventory. The 145 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1991 (6 years newer than comps) is factored into the value estimate. Prices in 78650 have fallen 19% over the last 6 months. A similar home at 514 Marlin ST, McDade TX 78650 carries an adjusted comparable value of $406,648, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in RINDS, THOMAS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
