Reviewing the most recent comparable transactions, this home's market value falls around $443,585. For a well positioned listing in GUEST QUARTERS OF ACADEMY PLAC, I'd target the $430,000 to $494,000 range. Among the similar homes currently available in GUEST QUARTERS OF ACADEMY PLAC, this price point stands out as competitive. Being 1,224 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.05 acres, the lot is smaller than the 0.29 acre comp average, which factors into pricing. Recent trends in 78738 show home values have fallen 2.4% since 6 months ago. The most comparable recent sale is 16 Tournament WAY # 19, The Hills TX 78738, with an adjusted value of $384,125; with a larger floor plan. The 7 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