501 Park PL, San Marcos TX 78666

The market data from 5 similar recent sales in PARK PLACE points to a value of approximately $302,401. To sell within a reasonable timeframe at fair market value, the $217,000 to $227,000 range is where I'd position this. With 7 comparable homes on the market in PARK PLACE, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. At 0.35 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in PARK PLACE, ranging from $214,800 to $375,000. In PARK PLACE, home values have risen approximately 30.8% over the past 6 months. One of the strongest data points is 137 Chaparral ST, San Marcos TX 78666, adjusting to $336,306; with a smaller floor plan. 5 comparable transactions in PARK PLACE 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