Based on 5 closed sales in PAIGE, the data points to a value around $289,699 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $187,000 to $197,000. This would position the home competitively among 1 active listings in PAIGE. At 223 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1989 (19 years newer than comps) is factored into the value estimate. With 1 similar homes currently listed in PAIGE (a buyer's market), competition is a factor to consider. Market data shows 78659 prices risen 5.6% over the last half year. The closest comparable sale, 3805 E Us-290 Highway E, Paige TX 78659 at an adjusted $217,237, is a strong comparable. The strength of this estimate comes from 5 directly comparable sales in PAIGE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group