605 Rees ST, Tow TX 78672

The estimated value of this property is $251,505, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $343,000 and $367,000. Against 4 similar active listings in BUCHANAN LAKE, this price point lands at the 2nd least expensive of 4 comparable homes on the market. At 354 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.12 acre lot (smaller than the 0.39 acre average) is reflected in the estimate. With 4 similar homes currently listed in BUCHANAN LAKE (a buyer's market), competition is a factor to consider. Recent trends in BUCHANAN LAKE show home values have fallen 73.8% since 6 months ago. The most comparable recent sale is 1638 Breeze WAY, Tow TX 78672, with an adjusted value of $424,370; 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