1407 River RD, San Marcos TX 78666

My analysis of 7 comparable properties puts this home's estimated value at $249,444. Based on how the local market is moving, a list price between $179,000 and $189,000 would position this home well. This home's position in the current BLANCO TERRACE market: the most expensive of 5 comparable homes on the market among comparable properties. The smaller lot (0.22 acres versus the area average of 0.36) contributes to the valuation. 5 similar homes are currently available in BLANCO TERRACE, creating a buyer's market for this price range. The 6 month price trend in 78666: fallen 8.1%. The best comp here is 112 Eleanor LN, San Marcos TX 78666 at an adjusted value of $239,845, a strong comparable. With 7 comparable sales in BLANCO TERRACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group