215 N Johnson Ave, San Marcos TX 78666

The market data from 7 similar recent sales in 78666 points to a value of approximately $278,667. To sell within a reasonable timeframe at fair market value, the $162,000 to $172,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78666. The 1905 construction puts this home 88 years older than the comp average, a factor in the pricing. At 0.26 acres, the lot is smaller than the 0.31 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78666 (a buyer's market), competition is a factor to consider. In 78666, home values have fallen approximately 12.8% over the past 6 months. One of the strongest data points is 1610 Ramona CIR, San Marcos TX 78666, adjusting to $241,833; 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