279 Shelley LN, San Marcos TX 78666

The market data from 7 similar recent sales in 78666 points to a value of approximately $242,549. To sell within a reasonable timeframe at fair market value, the $239,000 to $246,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78666. The 2007 construction puts this home 12 years older than the comp average, a factor in the pricing. At 0.54 acres, the lot is larger than the 0.29 acre comp average, which factors into pricing. 7 similar homes are currently available in 78666, creating a buyer's market for this price range. In 78666, home values have fallen approximately 11.7% over the past 6 months. One of the strongest data points is 240 Hummingbird WAY, Martindale TX 78655, adjusting to $378,940; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group