Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $259,178. To generate strong buyer interest while maximizing value, I'd price this between $246,000 and $265,000. Against 4 similar active listings in LANTERN HILL, this price point lands at the most expensive of 4 comparable homes on the market. The 1998 construction puts this home 5 years older than the comp average, a factor in the pricing. With 4 similar homes currently listed in LANTERN HILL (a buyer's market), competition is a factor to consider. The trend in 76574 shows prices have fallen 3.2% in the past 6 months. 2306 West ST, Taylor TX 76574 nearby adjusts to $242,823; a strong comparable. 3 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