8405 Alabama Ave, Temple TX 76502

The estimated value of this property is $247,049, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $206,000 and $216,000. With 4 comparable homes on the market in 76502, this price positions the property as the most expensive of 4 comparable homes on the market. At 161 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.25 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in 76502; a buyer's market based on recent absorption. Recent trends in 76502 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 1011 Porterhouse RD, Temple TX 76502, with an adjusted value of $259,176; a strong comparable. Based on 7 relevant data points in 76502, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX