1320 Sleepy LN, Tow TX 78672

The market data from 7 similar recent sales in BUCHANAN LAKE points to a value of approximately $297,216. To sell within a reasonable timeframe at fair market value, the $247,000 to $257,000 range is where I'd position this. With 2 comparable homes on the market in BUCHANAN LAKE, this price positions the property as the most expensive of 2 comparable homes on the market. At 175 sqft larger than the typical comp, the size difference factors into the valuation. The 2004 construction puts this home 20 years newer than the comp average, a factor in the pricing. 2 similar homes are currently available in BUCHANAN LAKE, creating a buyer's market for this price range. In BUCHANAN LAKE, home values have risen approximately 30.5% over the past 6 months. One of the strongest data points is 1638 Breeze WAY, Tow TX 78672, adjusting to $464,352; with a smaller floor plan. 7 comparable transactions in BUCHANAN LAKE 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