The estimated value of this property is $258,902, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $203,000 and $213,000. With 3 comparable homes on the market in 76577, this price positions the property as the most expensive of 3 comparable homes on the market. Built in 1995, this home is 41 years newer than the average comp, which is reflected in the adjustments. The 5.69 acre lot (larger than the 0.33 acre average) is reflected in the estimate. 3 similar homes are currently available in 76577, creating a buyer's market for this price range. Recent trends in 76577 show home values have risen 4.7% since 6 months ago. The most comparable recent sale is 207 N Main ST, Thorndale TX 76577, with an adjusted value of $305,439; a strong comparable. With 7 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