1515 W Fm 243, Bertram TX 78605

Reviewing the most recent comparable transactions, this home's market value falls around $475,088. For a well positioned listing in 78605, I'd target the $314,000 to $324,000 range. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78605. The 2007 construction puts this home 6 years older than the comp average, a factor in the pricing. At 5.00 acres, the lot is larger than the 2.33 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78605 (a buyer's market), competition is a factor to consider. Recent trends in 78605 show home values have fallen 17.7% since 6 months ago. The most comparable recent sale is 201 Campo Colinas DR, Bertram TX 78605, with an adjusted value of $589,001; with a smaller floor plan. 7 comparable transactions in 78605 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group