550 Hopewell RD, Bertram TX 78605

After reviewing 7 recent transactions in MONTGOMERY, I estimate this property's value at $232,858. A competitive list price for this home right now would fall in the $250,000 to $253,000 range. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in MONTGOMERY's current inventory. At 84 years older than typical comps, the 1941 build date influences the valuation. The larger lot (0.41 acres versus the area average of 0.17) contributes to the valuation. Right now, 7 similar properties are competing for buyers in MONTGOMERY, listed between $252,999 and $359,000. Prices in 78605 have fallen 1% over the last 6 months. A similar home at 315 Heritage Groves RD, Bertram TX 78605 carries an adjusted comparable value of $220,376, providing a strong data point. With 7 comparable sales in MONTGOMERY, 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