626 Melba LN, Tow TX 78672

The market data from 7 similar recent sales in BUCHANAN LAKE points to a value of approximately $292,645. To sell within a reasonable timeframe at fair market value, the $284,000 to $301,000 range is where I'd position this. With 1 comparable homes on the market in BUCHANAN LAKE, this price positions the property as below the only comparable home currently on the market. The 2001 construction puts this home 24 years newer than the comp average, a factor in the pricing. At 0.25 acres, the lot is smaller than the 0.38 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in BUCHANAN LAKE; a buyer's market based on recent absorption. In BUCHANAN LAKE, home values have risen approximately 63.8% over the past 6 months. One of the strongest data points is 1638 Breeze WAY, Tow TX 78672, adjusting to $450,608; a strong comparable. 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