The market data from 6 similar recent sales in BUILDING BLK points to a value of approximately $315,436. To sell within a reasonable timeframe at fair market value, the $263,000 to $273,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in BUILDING BLK. The 2018 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.17 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in BUILDING BLK; a buyer's market based on recent absorption. In 78602, home values have risen approximately 0.2% over the past 6 months. One of the strongest data points is 106 Haleakala LN, Bastrop TX 78602, adjusting to $322,874; a strong comparable. 6 comparable transactions in BUILDING BLK 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