721 Davis ST, Taylor TX 76574

The market data from 7 similar recent sales in DOAK points to a value of approximately $245,671. To sell within a reasonable timeframe at fair market value, the $161,000 to $171,000 range is where I'd position this. In the current DOAK market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 1930 construction puts this home 35 years older than the comp average, a factor in the pricing. At 0.21 acres, the lot is smaller than the 0.25 acre comp average, which factors into pricing. With 3 similar homes currently listed in DOAK (a buyer's market), competition is a factor to consider. 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 $272,464; 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