My analysis of 7 comparable properties puts this home's estimated value at $235,065. Based on how the local market is moving, a list price between $282,000 and $290,000 would position this home well. This pricing would rank the home as the most affordable of 4 comparable homes on the market in LAKE BASTROP ACRES's current inventory. The smaller floor plan (138 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.85 acres versus the area average of 0.71) contributes to the valuation. Right now, 4 similar properties are competing for buyers in LAKE BASTROP ACRES, listed between $225,000 and $299,900. The 6 month price trend in LAKE BASTROP ACRES: risen 8.7%. The best comp here is 117 Songwood DR, Bastrop TX 78602 at an adjusted value of $198,862, a strong comparable. The comp data here (7 sales in LAKE BASTROP ACRES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
