3310 Red Bud RD, Temple TX 76502

The market data from 4 similar recent sales in MEADOW OAKS points to a value of approximately $315,690. To sell within a reasonable timeframe at fair market value, the $320,000 to $336,000 range is where I'd position this. With 6 comparable homes on the market in MEADOW OAKS, this price positions the property as the 3rd most expensive of 6 comparable homes on the market. At 130 sqft larger than the typical comp, the size difference factors into the valuation. The 1960 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in MEADOW OAKS; a buyer's market based on recent absorption. In 76502, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 3806 Las Cienega BLVD, Temple TX 76502, adjusting to $340,504; with a smaller floor plan. 4 comparable transactions in MEADOW OAKS 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