804 Spring ST, Tow TX 78672

Based on 7 closed sales in BUCHANAN LAKE, the data points to a value around $343,159 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $174,000 to $184,000. Relative to what's currently available in BUCHANAN LAKE, this home would be the most expensive of 3 comparable homes on the market. The larger floor plan (478 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2001 (20 years newer than comps) is factored into the value estimate. 3 similar homes are currently available in BUCHANAN LAKE, creating a buyer's market for this price range. Market data shows BUCHANAN LAKE prices risen 63.8% over the last half year. The closest comparable sale, 114 Shady Grove GRV, Tow TX 78672 at an adjusted $522,359, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in BUCHANAN LAKE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group