408 Magnolia ST, Bastrop TX 78602

Reviewing the most recent comparable transactions, this home's market value falls around $326,324. For a well positioned listing in FARM LT, I'd target the $279,000 to $289,000 range. In the current FARM LT market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (205 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1976 construction puts this home 31 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in FARM LT, ranging from $279,000 to $465,000. Recent trends in FARM LT show home values have risen 32.8% since 6 months ago. The most comparable recent sale is 604 Wilhelm ST, Bastrop TX 78602, with an adjusted value of $382,723; with a smaller floor plan. 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