518 Riverside DR, New Braunfels TX 78130

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $288,798. I'd recommend coming to market at $371,000 to $388,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78130, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Being 168 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.11 acre lot (smaller than the 0.20 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78130; a buyer's market based on recent absorption. The trend in 78130 shows prices have fallen 0.4% in the past 6 months. 1382 Hanz DR, New Braunfels TX 78130 nearby adjusts to $370,603; a strong comparable. Based on 7 relevant data points in 78130, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX