1116 W Martin Luther King DR, San Marcos TX 78666

The market data from 7 similar recent sales in 78666 points to a value of approximately $281,268. To sell within a reasonable timeframe at fair market value, the $140,000 to $150,000 range is where I'd position this. At this price, the property would be the most expensive of 6 comparable homes on the market comparable homes currently on the market in 78666. At 0.31 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. The active market in 78666 includes 6 comparable homes priced from $150,000 to $364,000. In 78666, home values have fallen approximately 12.8% over the past 6 months. One of the strongest data points is 619 Franklin DR, San Marcos TX 78666, adjusting to $296,248; a strong comparable. 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