After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $356,830. Pricing this home between $367,000 and $400,000 would put it in the competitive sweet spot for BISHOP CROSSING. Relative to what's currently available in BISHOP CROSSING, this home would be the 2nd most expensive of 3 comparable homes on the market. Being 188 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (0.21 acres versus the area average of 0.18) contributes to the valuation. 3 similar homes are currently available in BISHOP CROSSING, creating a buyer's market for this price range. Market data shows 78666 prices fallen 12.6% over the last half year. The closest comparable sale, 2022 Ridge View DR, San Marcos TX 78666 at an adjusted $320,605, is with a smaller floor plan. The comp data here (7 sales in BISHOP CROSSING) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
