409 Deerwood DR, San Marcos TX 78666

Reviewing the most recent comparable transactions, this home's market value falls around $246,144. For a well positioned listing in DEERWOOD ESTATES, I'd target the $262,000 to $278,000 range. Against 2 similar active listings in DEERWOOD ESTATES, this price point lands at the most affordable of 2 comparable homes on the market. The 1980 construction puts this home 25 years older than the comp average, a factor in the pricing. At 0.80 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in DEERWOOD ESTATES; a buyer's market based on recent absorption. Recent trends in 78666 show home values have fallen 13.2% since 6 months ago. The most comparable recent sale is 306 Deerwood DR, San Marcos TX 78666, with an adjusted value of $278,178; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group