2701 Palmetto DR, Temple TX 76502

The market data from 3 similar recent sales in 76502 points to a value of approximately $390,179. To sell within a reasonable timeframe at fair market value, the $333,000 to $343,000 range is where I'd position this. With 7 comparable homes on the market in 76502, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Being 220 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1971 construction puts this home 11 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in 76502, ranging from $299,950 to $575,000. In 76502, home values have fallen approximately 5.9% over the past 6 months. One of the strongest data points is 2014 Forest TRL, Temple TX 76502, adjusting to $317,521; with a smaller floor plan. 3 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