309 Cordero DR, San Marcos TX 78666

The market data from 7 similar recent sales in EL CAMINO REAL points to a value of approximately $231,660. To sell within a reasonable timeframe at fair market value, the $225,000 to $239,000 range is where I'd position this. In the current EL CAMINO REAL market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Being 158 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2003 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in EL CAMINO REAL; a buyer's market based on recent absorption. In EL CAMINO REAL, home values have fallen approximately 11.1% over the past 6 months. One of the strongest data points is 115 Encina CV, San Marcos TX 78666, adjusting to $228,909; a strong comparable. 7 comparable transactions in EL CAMINO REAL 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