280 Morningwood DR, San Marcos TX 78666

The market data from 5 similar recent sales in MORNINGWOOD points to a value of approximately $247,029. To sell within a reasonable timeframe at fair market value, the $242,000 to $252,000 range is where I'd position this. Against 1 similar active listings in MORNINGWOOD, this price point lands at below the only comparable home currently on the market. This home's larger footprint (267 sqft vs the comp average) plays a role in how the market prices it. At 0.75 acres, the lot is smaller than the 0.96 acre comp average, which factors into pricing. Buyers in MORNINGWOOD have 1 comparable options right now, with asking prices between $240,000 and $240,000. In 78666, home values have fallen approximately 4.3% over the past 6 months. One of the strongest data points is 860 Morningwood DR, San Marcos TX 78666, adjusting to $273,545; a strong comparable. 5 comparable transactions in MORNINGWOOD 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