505 Magnolia ST, Bastrop TX 78602

The market data from 7 similar recent sales in MAGNOLIA PARK points to a value of approximately $351,048. To sell within a reasonable timeframe at fair market value, the $272,000 to $282,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in MAGNOLIA PARK. At 109 sqft larger than the typical comp, the size difference factors into the valuation. The 1974 construction puts this home 7 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 risen approximately 4.2% over the past 6 months. One of the strongest data points is 1106 Spring ST, Bastrop TX 78602, adjusting to $422,147; a strong comparable. 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