423 Ridge DR, San Marcos TX 78666

My analysis of 3 comparable properties puts this home's estimated value at $267,790. Based on how the local market is moving, a list price between $293,000 and $313,000 would position this home well. This home's position in the current 78666 market: the most affordable of 7 comparable homes on the market among comparable properties. The larger floor plan (158 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.86 acres versus the area average of 0.81) contributes to the valuation. Current inventory shows 7 comparable homes in 78666; a buyer's market based on recent absorption. The 6 month price trend in 78666: fallen 13.3%. The best comp here is 227 Crest Circle DR, San Marcos TX 78666 at an adjusted value of $400,633, a strong comparable. With 3 comparable sales in 78666, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group