My analysis of 7 comparable properties puts this home's estimated value at $526,522. Based on how the local market is moving, a list price between $511,000 and $542,000 would position this home well. Buyers shopping in 78659 right now would see this as a well positioned option among 1 comparable homes. At 1,181 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (40.00 acres versus the area average of 1.99) contributes to the valuation. There are currently 1 similar homes on the market in 78659, ranging from $999,999 to $999,999. The 6 month price trend in 78659: risen 5.6%. The best comp here is 514 Marlin ST, McDade TX 78650 at an adjusted value of $422,125, with a smaller floor plan. With 7 comparable sales in 78659, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group