402 N Fredericksburg ST # 11, San Marcos TX 78666

The market data from 7 similar recent sales in UNIVERSITY PLACE CONDOS points to a value of approximately $259,141. To sell within a reasonable timeframe at fair market value, the $194,000 to $204,000 range is where I'd position this. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in UNIVERSITY PLACE CONDOS. At 0.74 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in UNIVERSITY PLACE CONDOS, listed between $185,000 and $229,000. In 78666, home values have fallen approximately 8.7% over the past 6 months. One of the strongest data points is 1604 Stokes DR # A, San Marcos TX 78666, adjusting to $246,511; a strong comparable. 7 comparable transactions in UNIVERSITY PLACE CONDOS 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