15001 N State Highway 123, 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 $406,132. I'd recommend coming to market at $435,000 to $442,000 to strike the right balance between value and market velocity. In the current 78666 market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. This home's larger footprint (132 sqft vs the comp average) plays a role in how the market prices it. Built in 1977, this home is 22 years older than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in 78666 (a buyer's market), competition is a factor to consider. The trend in 78666 shows prices have fallen 12.8% in the past 6 months. 336 Crest Circle DR, San Marcos TX 78666 nearby adjusts to $434,857; with a smaller floor plan. Based on 5 relevant data points in 78666, 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