The market data from 7 similar recent sales in 78602 points to a value of approximately $347,871. To sell within a reasonable timeframe at fair market value, the $291,000 to $301,000 range is where I'd position this. Among the similar homes currently available in 78602, this price point stands out as competitive. At 0.39 acres, the lot is smaller than the 0.43 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in 78602, ranging from $295,000 to $525,000. In 78602, home values have risen approximately 3.8% over the past 6 months. One of the strongest data points is 179 Keanahalululu LN, Bastrop TX 78602, adjusting to $295,256; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
