After reviewing 7 recent transactions in 78602, I estimate this property's value at $247,178. A competitive list price for this home right now would fall in the $164,000 to $174,000 range. This home's position in the current 78602 market: the 2nd most expensive of 6 comparable homes on the market among comparable properties. At 208 sqft smaller than the typical comp, the size difference factors into the valuation. At 8 years newer than typical comps, the 2002 build date influences the valuation. There are currently 6 similar homes on the market in 78602, ranging from $180,000 to $415,000. Prices in 78602 have risen 0.2% over the last 6 months. A similar home at 125 San Jacinto ST, Bastrop TX 78602 carries an adjusted comparable value of $299,209, providing a strong data point. With 7 comparable sales in 78602, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group