240 LAS LOMAS DR, San Marcos TX 78666

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $337,387. I'd recommend coming to market at $266,000 to $276,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in TRACE. At 249 sqft larger than the typical comp, the size difference factors into the valuation. The 0.23 acre lot (larger than the 0.12 acre average) is reflected in the estimate. With 5 similar homes currently listed in TRACE (a buyer's market), competition is a factor to consider. The trend in TRACE shows prices have fallen 3.3% in the past 6 months. 705 Salamander ST, San Marcos TX 78666 nearby adjusts to $319,630; a strong comparable. 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