3830 E Fm 243, Bertram TX 78605

The market data from 7 similar recent sales in 78605 points to a value of approximately $385,888. To sell within a reasonable timeframe at fair market value, the $372,000 to $402,000 range is where I'd position this. In the current 78605 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 2003 construction puts this home 12 years older than the comp average, a factor in the pricing. At 10.24 acres, the lot is larger than the 3.25 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in 78605; a buyer's market based on recent absorption. In 78605, home values have fallen approximately 17.7% over the past 6 months. One of the strongest data points is 10927 County Road 272, Bertram TX 78605, adjusting to $636,856; 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