1516 Old Mill RD, Salado TX 76571

After reviewing 7 recent transactions in 76571, I estimate this property's value at $289,246. A competitive list price for this home right now would fall in the $281,000 to $298,000 range. This pricing would rank the home as below the only comparable home currently on the market in 76571's current inventory. Being 963 sqft smaller than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.17 acres versus the area average of 0.80) contributes to the valuation. Current inventory shows 1 comparable homes in 76571; a buyer's market based on recent absorption. Prices in 76571 have fallen 7.4% over the last 6 months. A similar home at 2110 Chisholm TRL, Salado TX 76571 carries an adjusted comparable value of $268,125, providing a strong data point. With 7 comparable sales in 76571, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group