The market data from 7 similar recent sales in DOAK points to a value of approximately $252,133. To sell within a reasonable timeframe at fair market value, the $131,000 to $141,000 range is where I'd position this. Among the similar homes currently available in DOAK, this price point stands out as competitive. The larger floor plan (151 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1930 construction puts this home 11 years older than the comp average, a factor in the pricing. 6 similar homes are currently available in DOAK, creating a buyer's market for this price range. In DOAK, home values have fallen approximately 12.3% over the past 6 months. One of the strongest data points is 1012 W 6th ST, Taylor TX 76574, adjusting to $246,233; with a smaller floor plan. 7 comparable transactions in DOAK 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