1971 Palace DR, New Braunfels TX 78130

After reviewing 3 recent transactions in 78130, I estimate this property's value at $241,370. A competitive list price for this home right now would fall in the $306,000 to $310,000 range. This home's position in the current 78130 market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. At 122 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.23 acres versus the area average of 0.20) contributes to the valuation. With 4 similar homes currently listed in 78130 (a buyer's market), competition is a factor to consider. Prices in 78130 have risen 4.8% over the last 6 months. A similar home at 2132 Northcrest DR, New Braunfels TX 78130 carries an adjusted comparable value of $206,438, providing a strong data point. The comp data here (3 sales in 78130) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus