505 Park PL, San Marcos TX 78666

Based on 5 closed sales in PARK PLACE, the data points to a value around $435,617 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $329,000 to $339,000. Buyers shopping in PARK PLACE right now would see this as a well positioned option among 6 comparable homes. This home's larger footprint (384 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.50 acres versus 0.32 for the typical comp. With 6 similar homes currently listed in PARK PLACE (a balanced market), competition is a factor to consider. Market data shows PARK PLACE prices risen 30.8% over the last half year. The closest comparable sale, 417 Oak Ridge DR, San Marcos TX 78666 at an adjusted $507,190, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in PARK PLACE. 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