318 Cheyenne DR, Temple TX 76504

The market data from 3 similar recent sales in 76504 points to a value of approximately $204,963. To sell within a reasonable timeframe at fair market value, the $111,000 to $121,000 range is where I'd position this. Among the similar homes currently available in 76504, this price point stands out as competitive. The smaller floor plan (133 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1973 construction puts this home 5 years newer than the comp average, a factor in the pricing. With 6 similar homes currently listed in 76504 (a buyer's market), competition is a factor to consider. In 76504, home values have fallen approximately 7.2% over the past 6 months. One of the strongest data points is 3106 Lawnwood DR, Temple TX 76502, adjusting to $119,569; with a smaller floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group