179 Rainbow DR, Bastrop TX 78602

Reviewing the most recent comparable transactions, this home's market value falls around $419,618. For a well positioned listing in 78602, I'd target the $358,000 to $368,000 range. Among the similar homes currently available in 78602, this price point stands out as competitive. The larger floor plan (1,264 sqft compared to the average comp) is a meaningful differentiator in this price range. At 2.00 acres, the lot is smaller than the 2.45 acre comp average, which factors into pricing. With 2 similar homes currently listed in 78602 (a buyer's market), competition is a factor to consider. Recent trends in 78602 show home values have risen 0.2% since 6 months ago. The most comparable recent sale is 116 Cherry ST, Bastrop TX 78602, with an adjusted value of $240,350; with a smaller floor plan. 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