The market data from 5 similar recent sales in CIRCLE points to a value of approximately $377,934. To sell within a reasonable timeframe at fair market value, the $385,000 to $400,000 range is where I'd position this. With 4 comparable homes on the market in CIRCLE, this price positions the property as the most expensive of 4 comparable homes on the market. With 4 similar homes currently listed in CIRCLE (a buyer's market), competition is a factor to consider. In CIRCLE, home values have risen approximately 20.8% over the past 6 months. One of the strongest data points is 102 N. Bob White DR, Paige TX 78659, adjusting to $349,139; a strong comparable. The 5 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