1105 Cheatham ST, San Marcos TX 78666

The estimated value of this property is $172,237, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $210,000 and $213,000. Against 7 similar active listings in RIO VISTA TERRACE #3, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (153 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1958, this home is 51 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in RIO VISTA TERRACE #3 (a buyer's market), competition is a factor to consider. Recent trends in 78666 show home values have fallen 12.6% since 6 months ago. The most comparable recent sale is 1203 Haynes ST, San Marcos TX 78666, with an adjusted value of $207,332; with a larger floor plan. Based on 7 relevant data points in RIO VISTA TERRACE #3, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX