505 Magnolia ST, Bastrop TX 78602

The market data from 7 similar recent sales in MAGNOLIA PARK points to a value of approximately $279,288. To sell within a reasonable timeframe at fair market value, the $323,000 to $332,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in MAGNOLIA PARK. At 247 sqft larger than the typical comp, the size difference factors into the valuation. The 1974 construction puts this home 31 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in MAGNOLIA PARK; a buyer's market based on recent absorption. In 78602, home values have fallen approximately 2.5% over the past 6 months. One of the strongest data points is 604 Magnolia ST, Bastrop TX 78602, adjusting to $276,696; 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