203 S Mitchell ST # 3, 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 $206,312. I'd recommend coming to market at $225,000 to $228,000 to strike the right balance between value and market velocity. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in 78666. This home's smaller footprint (413 sqft vs the comp average) plays a role in how the market prices it. Built in 1988, this home is 10 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in 78666; a buyer's market based on recent absorption. The trend in 78666 shows prices have fallen 8.7% in the past 6 months. 408 Railroad ST, San Marcos TX 78666 nearby adjusts to $239,286; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group