The market data from 7 similar recent sales in LAKE BASTROP ESTATE points to a value of approximately $196,759. To sell within a reasonable timeframe at fair market value, the $282,000 to $291,000 range is where I'd position this. With 2 comparable homes on the market in LAKE BASTROP ESTATE, this price positions the property as the most affordable of 2 comparable homes on the market. Being 238 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.44 acres, the lot is smaller than the 2.08 acre comp average, which factors into pricing. The active market in LAKE BASTROP ESTATE includes 2 comparable homes priced from $269,999 to $395,000. In 78602, home values have risen approximately 0.2% over the past 6 months. One of the strongest data points is 273 Alta Vista DR, Bastrop TX 78602, adjusting to $109,629; with a smaller floor plan. 7 comparable transactions in LAKE BASTROP ESTATE 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