316 Cordero DR, San Marcos TX 78666

The market data from 5 similar recent sales in EL CAMINO REAL points to a value of approximately $246,929. To sell within a reasonable timeframe at fair market value, the $287,000 to $308,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in EL CAMINO REAL. The 2005 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.18 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. With 7 similar homes currently listed in EL CAMINO REAL (a buyer's market), competition is a factor to consider. In EL CAMINO REAL, home values have fallen approximately 10.2% over the past 6 months. One of the strongest data points is 285 Cordero DR, San Marcos TX 78666, adjusting to $184,296; a strong comparable. 5 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