315 Mahan ST, Meadowlakes TX 78654

Reviewing the most recent comparable transactions, this home's market value falls around $427,027. For a well positioned listing in MEADOWLAKES, I'd target the $588,000 to $598,000 range. In the current MEADOWLAKES market with 5 similar homes available, this price represents the most affordable of 5 comparable homes on the market. Being 254 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1988 construction puts this home 6 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in MEADOWLAKES (a buyer's market), competition is a factor to consider. Recent trends in MEADOWLAKES show home values have fallen 17.7% since 6 months ago. The most comparable recent sale is 250 Meadowlakes DR, Meadowlakes TX 78654, with an adjusted value of $514,158; with a smaller floor plan. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group