4601 Fm 2843, Salado TX 76571

The market data from 7 similar recent sales in 76571 points to a value of approximately $643,611. To sell within a reasonable timeframe at fair market value, the $488,000 to $498,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 76571. The 2000 construction puts this home 9 years older than the comp average, a factor in the pricing. At 11.98 acres, the lot is larger than the 1.27 acre comp average, which factors into pricing. With 7 similar homes currently listed in 76571 (a buyer's market), competition is a factor to consider. In 76571, home values have fallen approximately 7.4% over the past 6 months. One of the strongest data points is 2901 Chisholm TRL, Salado TX 76571, adjusting to $604,298; 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