406 Olympia Fields ST, Meadowlakes TX 78654

The market data from 6 similar recent sales in MEADOWLAKES points to a value of approximately $467,379. To sell within a reasonable timeframe at fair market value, the $504,000 to $590,000 range is where I'd position this. With 3 comparable homes on the market in MEADOWLAKES, this price positions the property as the most affordable of 3 comparable homes on the market. At 483 sqft larger than the typical comp, the size difference factors into the valuation. At 0.17 acres, the lot is smaller than the 0.21 acre comp average, which factors into pricing. With 3 similar homes currently listed in MEADOWLAKES (a buyer's market), competition is a factor to consider. In MEADOWLAKES, home values have fallen approximately 6.4% over the past 6 months. One of the strongest data points is 290 Turkey RUN, Meadowlakes TX 78654, adjusting to $503,888; with a smaller floor plan. 6 comparable transactions in MEADOWLAKES 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