Reviewing the most recent comparable transactions, this home's market value falls around $302,074. For a well positioned listing in HIGGINS, I'd target the $451,000 to $516,000 range. Against 3 similar active listings in HIGGINS, this price point lands at the most affordable of 3 comparable homes on the market. The 1978 construction puts this home 33 years older than the comp average, a factor in the pricing. At 7.42 acres, the lot is larger than the 1.04 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in HIGGINS, listed between $499,900 and $579,000. Recent trends in 78602 show home values have risen 0.2% since 6 months ago. The most comparable recent sale is 545 Lone Star RD, Bastrop TX 78602, with an adjusted value of $332,982; a strong comparable. 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