604 Elm ST, Bastrop TX 78602

After reviewing 7 recent transactions in FARM LT, I estimate this property's value at $188,732. A competitive list price for this home right now would fall in the $216,000 to $229,000 range. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in FARM LT's current inventory. At 99 years older than typical comps, the 1870 build date influences the valuation. The larger lot (0.38 acres versus the area average of 0.26) contributes to the valuation. Current inventory shows 5 comparable homes in FARM LT; a buyer's market based on recent absorption. Prices in FARM LT have risen 32.8% over the last 6 months. A similar home at 1709 Carter ST, Bastrop TX 78602 carries an adjusted comparable value of $160,360, providing a strong data point. With 7 comparable sales in FARM LT, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group