515 N Bishop ST, San Marcos TX 78666

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $422,521. Pricing this home between $309,000 and $319,000 would put it in the competitive sweet spot for CEDAR PLATEAU. Buyers shopping in CEDAR PLATEAU right now would see this as a well positioned option among 7 comparable homes. At 24 years older than typical comps, the 1954 build date influences the valuation. The smaller lot (0.29 acres versus the area average of 0.35) contributes to the valuation. Current inventory shows 7 comparable homes in CEDAR PLATEAU; a buyer's market based on recent absorption. Market data shows 78666 prices fallen 8.5% over the last half year. The closest comparable sale, 1408 Brown ST, San Marcos TX 78666 at an adjusted $387,970, is with a smaller floor plan. With 7 comparable sales in CEDAR PLATEAU, 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