1200 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 $213,532. To sell within a reasonable timeframe at fair market value, the $242,000 to $272,000 range is where I'd position this. Against 4 similar active listings in 78666, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The 1950 construction puts this home 51 years older than the comp average, a factor in the pricing. At 0.27 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in 78666, ranging from $199,999 to $315,000. In 78666, home values have fallen approximately 8.6% over the past 6 months. One of the strongest data points is 102 Lockwood ST, San Marcos TX 78666, adjusting to $95,415; a strong comparable. 7 comparable transactions in 78666 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group