1193 Lee ST, New Braunfels TX 78130

After reviewing 7 recent transactions in 78130, I estimate this property's value at $392,690. A competitive list price for this home right now would fall in the $311,000 to $321,000 range. This home's position in the current 78130 market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. At 56 years older than typical comps, the 1936 build date influences the valuation. The larger lot (0.27 acres versus the area average of 0.22) contributes to the valuation. Current inventory shows 7 comparable homes in 78130; a buyer's market based on recent absorption. Prices in 78130 have risen 5.2% over the last 6 months. A similar home at 2132 Northcrest DR, New Braunfels TX 78130 carries an adjusted comparable value of $327,390, providing a strong data point. With 7 comparable sales in 78130, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group