The market data from 7 similar recent sales in FARM LOT points to a value of approximately $297,474. To sell within a reasonable timeframe at fair market value, the $341,000 to $393,000 range is where I'd position this. Among the similar homes currently available in FARM LOT, this price point stands out as competitive. The 1961 construction puts this home 39 years older than the comp average, a factor in the pricing. At 0.30 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. The active market in FARM LOT includes 7 comparable homes priced from $279,000 to $465,000. In 78602, home values have fallen approximately 0.5% over the past 6 months. One of the strongest data points is 106 Jones ST, Bastrop TX 78602, adjusting to $338,130; with a larger floor plan. 7 comparable transactions in FARM LOT 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