1305 Merlot, New Braunfels TX 78132

The market data from 7 similar recent sales in 78132 points to a value of approximately $835,826. To sell within a reasonable timeframe at fair market value, the $901,000 to $917,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in 78132. At 1.29 acres, the lot is larger than the 1.12 acre comp average, which factors into pricing. 3 similar homes are currently available in 78132, creating a buyer's market for this price range. In 78132, home values have risen approximately 23% over the past 6 months. One of the strongest data points is 1609 Angolo, New Braunfels TX 78132, adjusting to $774,525; with a larger floor plan. 7 comparable transactions in 78132 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