The market data from 7 similar recent sales in SANDY SHORES points to a value of approximately $1,048,168. To sell within a reasonable timeframe at fair market value, the $1,027,000 to $1,069,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in SANDY SHORES. This home's smaller footprint (128 sqft vs the comp average) plays a role in how the market prices it. At 0.68 acres, the lot is smaller than the 1.28 acre comp average, which factors into pricing. Right now, 4 similar properties are competing for buyers in SANDY SHORES, listed between $849,900 and $1,749,900. In 78641, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 14245 FM 2769 RD, Volente TX 78641, adjusting to $1,023,952; a strong comparable. 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