877 Meridian DR, New Braunfels TX 78132

The estimated value of this property is $649,228, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $636,000 and $662,000. With 1 comparable homes on the market in 78132, this price positions the property as below the only comparable home currently on the market. Built in 2001, this home is 6 years older than the average comp, which is reflected in the adjustments. The 1.00 acre lot (larger than the 0.91 acre average) is reflected in the estimate. Current inventory shows 1 comparable homes in 78132; a balanced market based on recent absorption. Recent trends in 78132 show home values have fallen 11.5% since 6 months ago. The most comparable recent sale is 1014 Krona CT, New Braunfels TX 78132, with an adjusted value of $580,612; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group