859 Josephine ST, New Braunfels TX 78130

Reviewing the most recent comparable transactions, this home's market value falls around $467,505. For a well positioned listing in RIO VISTA, I'd target the $190,000 to $200,000 range. Against 7 similar active listings in RIO VISTA, this price point lands at the 2nd most expensive of 7 comparable homes on the market. At 654 sqft smaller than the typical comp, the size difference factors into the valuation. The 1963 construction puts this home 13 years older than the comp average, a factor in the pricing. The active market in RIO VISTA includes 7 comparable homes priced from $175,000 to $649,000. Recent trends in 78130 show home values have risen 6.6% since 6 months ago. The most comparable recent sale is 267 W Edgewater TER, New Braunfels TX 78130, with an adjusted value of $659,757; with a larger floor plan. The 7 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