4005 Midway DR, Temple TX 76502

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $314,207. I'd recommend coming to market at $351,000 to $361,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in SOUTHERN OAKS, this price positions the property as the most affordable of 3 comparable homes on the market. The larger floor plan (477 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2005, this home is 34 years newer than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in SOUTHERN OAKS (a buyer's market), competition is a factor to consider. The trend in SOUTHERN OAKS shows prices have fallen 45.1% in the past 6 months. 3702 Las Moras DR, Temple TX 76502 nearby adjusts to $296,984; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group