617 S FM 1174, Bertram TX 78605

The market data from 7 similar recent sales in LEMUEL BLAKEY points to a value of approximately $356,686. To sell within a reasonable timeframe at fair market value, the $296,000 to $306,000 range is where I'd position this. With 7 comparable homes on the market in LEMUEL BLAKEY, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1980 construction puts this home 41 years older than the comp average, a factor in the pricing. At 0.81 acres, the lot is larger than the 0.55 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in LEMUEL BLAKEY, listed between $273,990 and $1,200,000. In 78605, home values have fallen approximately 40.9% over the past 6 months. One of the strongest data points is 218 Bertram Oaks RD, Bertram TX 78605, adjusting to $312,271; 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