Reviewing the most recent comparable transactions, this home's market value falls around $287,568. For a well positioned listing in 78602, I'd target the $280,000 to $316,000 range. Among the similar homes currently available in 78602, this price point stands out as competitive. This home's smaller footprint (127 sqft vs the comp average) plays a role in how the market prices it. The 1997 construction puts this home 10 years older than the comp average, a factor in the pricing. Recent trends in 78602 show home values have risen 0.2% since 6 months ago. The most comparable recent sale is 1916 Pecan ST, Bastrop TX 78602, with an adjusted value of $280,472; 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
