1809 Spring ST, Tow TX 78672

After reviewing 7 recent transactions in BUCHANAN LAKE, I estimate this property's value at $317,993. A competitive list price for this home right now would fall in the $308,000 to $328,000 range. Relative to what's currently available in BUCHANAN LAKE, this home would be below the only comparable home currently on the market. This home's smaller footprint (212 sqft vs the comp average) plays a role in how the market prices it. At 6 years older than typical comps, the 1970 build date influences the valuation. Current inventory shows 1 comparable homes in BUCHANAN LAKE; a buyer's market based on recent absorption. Prices in BUCHANAN LAKE have risen 63.8% over the last 6 months. A similar home at 1638 Breeze WAY, Tow TX 78672 carries an adjusted comparable value of $457,866, providing a strong data point. With 7 comparable sales in BUCHANAN LAKE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group