1114 Old Mill RD, Salado TX 76571

The estimated value of this property is $550,735, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $766,000 and $771,000. Against 7 similar active listings in 76571, this price point lands at the most affordable of 7 comparable homes on the market. Being 609 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1979, this home is 16 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in 76571 (a buyer's market), competition is a factor to consider. Recent trends in 76571 show home values have fallen 7.4% since 6 months ago. The most comparable recent sale is 1204 Fairway CIR, Salado TX 76571, with an adjusted value of $407,001; with a smaller floor plan. Based on 7 relevant data points in 76571, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX