Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $530,913. To generate strong buyer interest while maximizing value, I'd price this between $378,000 and $388,000. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in PINE FOREST P III. This home's larger footprint (213 sqft vs the comp average) plays a role in how the market prices it. At 1.77 acres, the lot is larger than the 1.41 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in PINE FOREST P III, ranging from $389,000 to $689,000. The trend in 78602 shows prices have risen 0.2% in the past 6 months. 149 McAllister RD, Bastrop TX 78602 nearby adjusts to $600,502; a strong comparable. The 5 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
