303 Smith LN, San Marcos TX 78666

Based on 7 closed sales in J P ELLIS, the data points to a value around $197,348 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $115,000 to $125,000. Relative to what's currently available in J P ELLIS, this home would be the 3rd most expensive of 7 comparable homes on the market. The 349 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1950 (34 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in J P ELLIS; a buyer's market based on recent absorption. Market data shows 78666 prices fallen 8.2% over the last half year. The closest comparable sale, 922 Haynes ST, San Marcos TX 78666 at an adjusted $216,293, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus