715 E Downs Ave, Temple TX 76501

The market data from 7 similar recent sales in 76501 points to a value of approximately $304,520. To sell within a reasonable timeframe at fair market value, the $252,000 to $262,000 range is where I'd position this. Against 1 similar active listings in 76501, this price point lands at below the only comparable home currently on the market. At 1,589 sqft larger than the typical comp, the size difference factors into the valuation. The 2001 construction puts this home 24 years older than the comp average, a factor in the pricing. Right now, 1 similar properties are competing for buyers in 76501, listed between $240,000 and $240,000. In 76501, home values have fallen approximately 7.2% over the past 6 months. One of the strongest data points is 2807 Dimmit DR, Temple TX 76501, adjusting to $308,270; with a smaller floor plan. 7 comparable transactions in 76501 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