1501 County Road 337, Lexington TX 78947

After reviewing 7 recent transactions in 78947, I estimate this property's value at $562,224. A competitive list price for this home right now would fall in the $655,000 to $702,000 range. This pricing would rank the home as the most affordable of 2 comparable homes on the market in 78947's current inventory. At 429 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (28.28 acres versus the area average of 5.82) contributes to the valuation. There are currently 2 similar homes on the market in 78947, ranging from $590,000 to $899,500. Prices in 78947 have fallen 15.9% over the last 6 months. A similar home at 1308 Sherrill LN, Lexington TX 78947 carries an adjusted comparable value of $655,098, providing a strong data point. The comp data here (7 sales in 78947) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus