1320 Long MDW, Salado TX 76571

The market data from 3 similar recent sales in 76571 points to a value of approximately $905,924. To sell within a reasonable timeframe at fair market value, the $945,000 to $949,000 range is where I'd position this. With 4 comparable homes on the market in 76571, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. The 2008 construction puts this home 8 years older than the comp average, a factor in the pricing. At 5.30 acres, the lot is larger than the 4.34 acre comp average, which factors into pricing. 4 similar homes are currently available in 76571, creating a buyer's market for this price range. In 76571, home values have fallen approximately 7.4% over the past 6 months. One of the strongest data points is 1265 Mourning Dove CT, Salado TX 76571, adjusting to $944,966; 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