402 N Fredericksburg ST # 7, San Marcos TX 78666

Based on 7 closed sales in UNIVERSITY PLACE CONDOS, the data points to a value around $161,287 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $158,000 to $165,000. Relative to what's currently available in UNIVERSITY PLACE CONDOS, this home would be the most expensive of 4 comparable homes on the market. This home's smaller footprint (165 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.74 acres versus 1.62 for the typical comp. With 4 similar homes currently listed in UNIVERSITY PLACE CONDOS (a buyer's market), competition is a factor to consider. Market data shows 78666 prices fallen 5.2% over the last half year. The closest comparable sale, 1005 N Lbj DR # B2, San Marcos TX 78666 at an adjusted $204,099, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in UNIVERSITY PLACE CONDOS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group