701 Westchester RD, Taylor TX 76574

The market data from 7 similar recent sales in LANTERN HILL points to a value of approximately $285,345. To sell within a reasonable timeframe at fair market value, the $224,000 to $234,000 range is where I'd position this. With 3 comparable homes on the market in LANTERN HILL, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The 1970 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.39 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. 3 similar homes are currently available in LANTERN HILL, creating a buyer's market for this price range. In 76574, home values have fallen approximately 3% over the past 6 months. One of the strongest data points is 1816 Davis ST, Taylor TX 76574, adjusting to $169,208; a strong comparable. 7 comparable transactions in LANTERN HILL 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