My analysis of 7 comparable properties puts this home's estimated value at $239,808. Based on how the local market is moving, a list price between $235,000 and $245,000 would position this home well. This pricing would rank the home as the most expensive of 2 comparable homes on the market in LAKE BASTROP ACRES's current inventory. At 9 years newer than typical comps, the 2006 build date influences the valuation. The larger lot (0.85 acres versus the area average of 0.68) contributes to the valuation. Right now, 2 similar properties are competing for buyers in LAKE BASTROP ACRES, listed between $210,000 and $409,000. The 6 month price trend in LAKE BASTROP ACRES: fallen 24.1%. The best comp here is 117 Songwood DR, Bastrop TX 78602 at an adjusted value of $198,926, 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
