405 Cedar ST, Bastrop TX 78602

Reviewing the most recent comparable transactions, this home's market value falls around $301,095. For a well positioned listing in FARM LT, I'd target the $403,000 to $420,000 range. Among the similar homes currently available in FARM LT, this price point stands out as competitive. This home's larger footprint (571 sqft vs the comp average) plays a role in how the market prices it. The 1935 construction puts this home 15 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in FARM LT; a buyer's market based on recent absorption. Recent trends in FARM LT show home values have risen 32.8% since 6 months ago. The most comparable recent sale is 1102 Pecan ST, Bastrop TX 78602, with an adjusted value of $478,215; a strong comparable. 7 comparable transactions in FARM LT 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