248 Shugart ST, San Marcos TX 78666

The market data from 5 similar recent sales in TRACE points to a value of approximately $345,580. To sell within a reasonable timeframe at fair market value, the $345,000 to $349,000 range is where I'd position this. With 5 comparable homes on the market in TRACE, this price positions the property as the most expensive of 5 comparable homes on the market. This home's larger footprint (112 sqft vs the comp average) plays a role in how the market prices it. At 0.17 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. 5 similar homes are currently available in TRACE, creating a buyer's market for this price range. In TRACE, home values have fallen approximately 0.4% over the past 6 months. One of the strongest data points is 129 Gray Wolf DR, San Marcos TX 78666, adjusting to $362,014; with a smaller floor plan. 5 comparable transactions in TRACE 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