1121 Madeline ST, New Braunfels TX 78132

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $426,862. I'd recommend coming to market at $418,000 to $435,000 to strike the right balance between value and market velocity. Against 4 similar active listings in 78132, this price point lands at the 2nd least expensive of 4 comparable homes on the market. Built in 1967, this home is 51 years older than the average comp, which is reflected in the adjustments. The 3.37 acre lot (larger than the 0.35 acre average) is reflected in the estimate. With 4 similar homes currently listed in 78132 (a balanced market), competition is a factor to consider. The trend in 78132 shows prices have fallen 9.4% in the past 6 months. 3008 Nash DR, New Braunfels TX 78132 nearby adjusts to $398,170; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group