1187 Madeline ST, New Braunfels TX 78132

The market data from 7 similar recent sales in 78132 points to a value of approximately $324,701. To sell within a reasonable timeframe at fair market value, the $199,000 to $209,000 range is where I'd position this. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in 78132. Being 409 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1951 construction puts this home 73 years older than the comp average, a factor in the pricing. 4 similar homes are currently available in 78132, creating a buyer's market for this price range. In 78132, home values have risen approximately 24% over the past 6 months. One of the strongest data points is 3012 Nash DR, New Braunfels TX 78132, adjusting to $312,863; with a larger floor plan. The 7 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