The market data from 7 similar recent sales in SANDY SHORES points to a value of approximately $1,122,627. To sell within a reasonable timeframe at fair market value, the $1,156,000 to $1,260,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in SANDY SHORES. This home's smaller footprint (517 sqft vs the comp average) plays a role in how the market prices it. At 0.68 acres, the lot is smaller than the 1.64 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in SANDY SHORES, listed between $1,095,000 and $1,550,000. In 78641, home values have risen approximately 0.2% over the past 6 months. One of the strongest data points is 8293 Lime Creek RD, Volente TX 78641, adjusting to $1,033,969; with a larger floor plan and a pool. 7 comparable transactions in SANDY SHORES 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