11124 Armstrong RD, Salado TX 76571

Reviewing the most recent comparable transactions, this home's market value falls around $602,333. For a well positioned listing in 76571, I'd target the $458,000 to $468,000 range. Among the similar homes currently available in 76571, this price point stands out as competitive. The 1939 construction puts this home 73 years older than the comp average, a factor in the pricing. At 7.55 acres, the lot is larger than the 2.29 acre comp average, which factors into pricing. Buyers in 76571 have 7 comparable options right now, with asking prices between $459,970 and $713,500. Recent trends in 76571 show home values have fallen 7.4% since 6 months ago. The most comparable recent sale is 5184 Royal ST, Salado TX 76571, with an adjusted value of $865,055; with a smaller floor plan. The 7 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