The market data from 3 similar recent sales in JOHNSON, ISABELLA points to a value of approximately $288,100. To sell within a reasonable timeframe at fair market value, the $294,000 to $443,000 range is where I'd position this. With 0 comparable homes on the market in JOHNSON, ISABELLA, this price positions the property as no active comparable homes on the market. At 759 sqft smaller than the typical comp, the size difference factors into the valuation. At 9.90 acres, the lot is smaller than the 11.26 acre comp average, which factors into pricing. In 78953, home values have risen approximately 73.4% over the past 6 months. One of the strongest data points is 1231 Peach Creek RD, Waelder TX 78959, adjusting to $443,160; with a larger floor plan. The 3 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
