408 Cedar ST, Bastrop TX 78602

Based on 7 closed sales in FARM LT, the data points to a value around $286,782 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $296,000 to $316,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in FARM LT's current inventory. Being built in 1959 (37 years older than comps) is factored into the value estimate. Lot size matters here: 0.45 acres versus 0.27 for the typical comp. With 2 similar homes currently listed in FARM LT (a buyer's market), competition is a factor to consider. Market data shows FARM LT prices risen 32.8% over the last half year. The closest comparable sale, 902 Linden ST, Bastrop TX 78602 at an adjusted $272,171, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in FARM LT. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group