Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $298,865. To generate strong buyer interest while maximizing value, I'd price this between $109,000 and $119,000. In the current SUMMERWOOD market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 1978 construction puts this home 16 years older than the comp average, a factor in the pricing. At 1.09 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. With 7 similar homes currently listed in SUMMERWOOD (a buyer's market), competition is a factor to consider. The trend in 76574 shows prices have fallen 3.9% in the past 6 months. 2400 Grace ST, Taylor TX 76574 nearby adjusts to $235,872; a strong comparable. 7 comparable transactions in SUMMERWOOD 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