Based on 7 closed sales in PINE OAK ESTATES, the data points to a value around $461,037 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $288,000 to $298,000. This would position the home competitively among 1 active listings in PINE OAK ESTATES. This home's smaller footprint (171 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 1.10 acres versus 1.74 for the typical comp. With 1 similar homes currently listed in PINE OAK ESTATES (a buyer's market), competition is a factor to consider. Market data shows 78602 prices risen 0.8% over the last half year. The closest comparable sale, 188 William Higgins DR, Bastrop TX 78602 at an adjusted $380,522, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PINE OAK ESTATES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group