The market data from 7 similar recent sales in BLANCO VISTA points to a value of approximately $347,083. To sell within a reasonable timeframe at fair market value, the $340,000 to $354,000 range is where I'd position this. With 7 comparable homes on the market in BLANCO VISTA, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 2011 construction puts this home 7 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in BLANCO VISTA, listed between $300,000 and $410,000. In BLANCO VISTA, home values have fallen approximately 6.2% over the past 6 months. One of the strongest data points is 226 Pincea PL, San Marcos TX 78666, adjusting to $354,455; with a larger floor plan. 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