116 Purgatory PASS, San Marcos TX 78666

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $795,563. I'd recommend coming to market at $802,000 to $864,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in SUMMER MOUNTAIN RANCH, this price positions the property as the most expensive of 2 comparable homes on the market. This home's larger footprint (168 sqft vs the comp average) plays a role in how the market prices it. Built in 1996, this home is 16 years older than the average comp, which is reflected in the adjustments. Right now, 2 similar properties are competing for buyers in SUMMER MOUNTAIN RANCH, listed between $730,000 and $975,000. The trend in 78666 shows prices have fallen 9.2% in the past 6 months. 8305 OZARK DR, San Marcos TX 78666 nearby adjusts to $790,665; a strong comparable. Based on 4 relevant data points in SUMMER MOUNTAIN RANCH, 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