Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $251,987. To generate strong buyer interest while maximizing value, I'd price this between $271,000 and $273,000. Against 7 similar active listings in LANTERN HILL, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1998 construction puts this home 5 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in LANTERN HILL (a buyer's market), competition is a factor to consider. The trend in 76574 shows prices have risen 1% in the past 6 months. 2306 West ST, Taylor TX 76574 nearby adjusts to $242,820; a strong comparable. 4 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