627 McKie, San Marcos TX 78666

After reviewing 7 recent transactions in RIVERSIDE #1, I estimate this property's value at $139,258. A competitive list price for this home right now would fall in the $177,000 to $188,000 range. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in RIVERSIDE #1's current inventory. The smaller floor plan (388 sqft compared to the average comp) is a meaningful differentiator in this price range. At 37 years older than typical comps, the 1940 build date influences the valuation. The active market in RIVERSIDE #1 includes 7 comparable homes priced from $125,000 to $264,000. Prices in 78666 have fallen 9.5% over the last 6 months. A similar home at 807 Sturgeon ST, San Marcos TX 78666 carries an adjusted comparable value of $163,420, providing a strong data point. With 7 comparable sales in RIVERSIDE #1, 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