Reviewing the most recent comparable transactions, this home's market value falls around $348,982. For a well positioned listing in 78602, I'd target the $339,000 to $359,000 range. Against 1 similar active listings in 78602, this price point lands at below the only comparable home currently on the market. The 1949 construction puts this home 68 years older than the comp average, a factor in the pricing. At 14.55 acres, the lot is larger than the 0.43 acre comp average, which factors into pricing. There are currently 1 similar homes on the market in 78602, ranging from $307,990 to $307,990. Recent trends in 78602 show home values have fallen 1.2% since 6 months ago. The most comparable recent sale is 331 Nene LN, Bastrop TX 78602, with an adjusted value of $383,029; a strong comparable. 7 comparable transactions in 78602 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