5016 Lexington Meadow LN, Del Valle TX 78617

The market data from 5 similar recent sales in LEXINGTON PARKE points to a value of approximately $416,545. To sell within a reasonable timeframe at fair market value, the $313,000 to $323,000 range is where I'd position this. Against 7 similar active listings in LEXINGTON PARKE, this price point lands at the 4th most expensive of 7 comparable homes on the market. This home's larger footprint (266 sqft vs the comp average) plays a role in how the market prices it. The 2016 construction puts this home 9 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in LEXINGTON PARKE; a balanced market based on recent absorption. In LEXINGTON PARKE, home values have fallen approximately 1.7% over the past 6 months. One of the strongest data points is 5013 Hazelnut LN, Del Valle TX 78617, adjusting to $428,430; with a smaller floor plan. 5 comparable transactions in LEXINGTON PARKE 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