5001 Redwood RD, San Marcos TX 78666

7 recent sales in the surrounding area of this address suggest a current value of $208,144. My recommended list price range for this property would be $204,000 to $212,000. With 2 comparable homes on the market in 78666, this price positions the property as the most expensive of 2 comparable homes on the market. At 349 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1975, this home is 23 years older than the average comp, which is reflected in the adjustments. With 2 similar homes currently listed in 78666 (a buyer's market), competition is a factor to consider. In 78666, home values have fallen approximately 4.5% over the past 6 months. One of the strongest data points is 922 Haynes ST, San Marcos TX 78666, adjusting to $261,363; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group