507 Lakeview BLVD, New Braunfels TX 78130

The market data from 3 similar recent sales in 78130 points to a value of approximately $1,099,041. To sell within a reasonable timeframe at fair market value, the $1,077,000 to $1,121,000 range is where I'd position this. With 1 comparable homes on the market in 78130, this price positions the property as below the only comparable home currently on the market. Being 431 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.49 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. With 1 similar homes currently listed in 78130 (a buyer's market), competition is a factor to consider. In 78130, home values have risen approximately 2.1% over the past 6 months. One of the strongest data points is 604 Hannahs RUN, New Braunfels TX 78130, adjusting to $918,801; a strong comparable. The 3 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