111 County Road 253, Bertram TX 78605

The market data from 7 similar recent sales in SUMMERLIN ESTATES points to a value of approximately $501,094. To sell within a reasonable timeframe at fair market value, the $347,000 to $357,000 range is where I'd position this. Against 7 similar active listings in SUMMERLIN ESTATES, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 2013 construction puts this home 9 years older than the comp average, a factor in the pricing. At 10.04 acres, the lot is larger than the 1.93 acre comp average, which factors into pricing. The active market in SUMMERLIN ESTATES includes 7 comparable homes priced from $325,000 to $700,000. In 78605, home values have fallen approximately 37.2% over the past 6 months. One of the strongest data points is 112 Rosebud Ranch RD, Bertram TX 78605, adjusting to $627,771; 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