802 Josephine ST, New Braunfels TX 78130

The estimated value of this property is $296,750, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $199,000 and $209,000. In the current RIO VISTA market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. This home's smaller footprint (137 sqft vs the comp average) plays a role in how the market prices it. Built in 1979, this home is 5 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in RIO VISTA, creating a buyer's market for this price range. Recent trends in 78130 show home values have risen 5% since 6 months ago. The most comparable recent sale is 833 Bellaire DR, New Braunfels TX 78130, with an adjusted value of $229,775; a strong comparable. Based on 7 relevant data points in RIO VISTA, 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