918 San Pedro, New Braunfels TX 78132

The market data from 7 similar recent sales in 78132 points to a value of approximately $394,786. To sell within a reasonable timeframe at fair market value, the $412,000 to $421,000 range is where I'd position this. With 2 comparable homes on the market in 78132, this price positions the property as the most affordable of 2 comparable homes on the market. The 2008 construction puts this home 14 years older than the comp average, a factor in the pricing. At 0.20 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. 2 similar homes are currently available in 78132, creating a buyer's market for this price range. In 78132, home values have risen approximately 26% over the past 6 months. One of the strongest data points is 737 San Gabriel LOOP, New Braunfels TX 78132, adjusting to $380,724; with a larger floor plan. 7 comparable transactions in 78132 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group