Without an agent looking at your home and doing comps, it really would be hard to give you a flat out answer in a forum like this. The market here in Lancaster has changed quite a bit from 2007 till now so for you to have a good idea of the price point an agent would place your home at..definitely have a good cma done by a realtor or an appraiser. Note that an appraiser going out to your home for this purpose is not as detailed as an appraiser going out for a buyer's mort company. Appraisals don't tend to hold water very long...And the cost is about $275.00 for this kind of appraisal. Hope this helps..Good luck.
The present value is depending on recent real estate activity in the area and demand or lack of demand for houses in the neighborhood.
In general there has been a reduction in value between 2007 and now. Early 2007 was still close to the top of the market.
There is only one way to find out, get either an appraisal or a CMA by a good real estate agent.
I'm happy to help if you'd like.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
I would love to help you but any agent that gives an estimate of value based on a sale price in a previous year has no clue of how to valuate properties. In my many years of experience I have seen homes sell for half market value and even more than market value. To answer your question you need basic information on the home you are interested in and compare sales price in the last six months in a small area around your address of similar properties. That should give you current market value range to work with. I do not work in your area but will be happy to refer you to someone who does. Best of luck
Keller Williams Realty Lancaster
1630 Manheim Pike
717-413-0744 - cell