267 Ferryboat LN, New Braunfels TX 78130

After reviewing 7 recent transactions in GARDEN OAKS, I estimate this property's value at $451,717. A competitive list price for this home right now would fall in the $180,000 to $190,000 range. This pricing would rank the home as the most expensive of 7 comparable homes on the market in GARDEN OAKS's current inventory. This home's smaller footprint (479 sqft vs the comp average) plays a role in how the market prices it. At 30 years older than typical comps, the 1976 build date influences the valuation. With 7 similar homes currently listed in GARDEN OAKS (a buyer's market), competition is a factor to consider. Prices in GARDEN OAKS have fallen 24.3% over the last 6 months. A similar home at 420 Roadrunner Ave, New Braunfels TX 78130 carries an adjusted comparable value of $258,993, providing a strong data point. With 7 comparable sales in GARDEN OAKS, 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