Based on what similar homes have actually sold for within a mile, I'd place this property's value at $226,953. I'd recommend coming to market at $329,000 to $355,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in DOAK. Being 1,048 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1930, this home is 9 years older than the average comp, which is reflected in the adjustments. Buyers in DOAK have 3 comparable options right now, with asking prices between $325,000 and $399,000. The trend in DOAK shows prices have fallen 12.3% in the past 6 months. 1012 W 6th ST, Taylor TX 76574 nearby adjusts to $250,147; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group