1406 King Ranch RD, Salado TX 76571

The market data from 3 similar recent sales in 76571 points to a value of approximately $480,428. To sell within a reasonable timeframe at fair market value, the $369,000 to $379,000 range is where I'd position this. Against 6 similar active listings in 76571, this price point lands at the most expensive of 6 comparable homes on the market. At 139 sqft larger than the typical comp, the size difference factors into the valuation. At 0.54 acres, the lot is smaller than the 0.59 acre comp average, which factors into pricing. Buyers in 76571 have 6 comparable options right now, with asking prices between $375,000 and $535,990. In 76571, home values have fallen approximately 7.6% over the past 6 months. One of the strongest data points is 1425 King Ranch RD, Salado TX 76571, adjusting to $565,501; a strong comparable. 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