112 Water Ridge RD, Temple TX 76502

The market data from 5 similar recent sales in 76502 points to a value of approximately $234,738. To sell within a reasonable timeframe at fair market value, the $228,000 to $242,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in 76502. This home's smaller footprint (229 sqft vs the comp average) plays a role in how the market prices it. At 0.19 acres, the lot is smaller than the 0.22 acre comp average, which factors into pricing. 3 similar homes are currently available in 76502, creating a buyer's market for this price range. In 76502, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 5308 Southern Crossing DR, Temple TX 76502, adjusting to $241,363; a strong comparable. 5 comparable transactions in 76502 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