103 N Cherry ST, Fredericksburg TX 78624

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $680,329. I'd recommend coming to market at $286,000 to $296,000 to strike the right balance between value and market velocity. At this price, the property would be the 0th most expensive of 6 comparable homes on the market comparable homes currently on the market in 78624. This home's larger footprint (157 sqft vs the comp average) plays a role in how the market prices it. Built in 1940, this home is 28 years older than the average comp, which is reflected in the adjustments. Right now, 6 similar properties are competing for buyers in 78624, listed between $274,500 and $539,500. The trend in 78624 shows prices have risen 6.9% in the past 6 months. 326 W Mulberry ST, Fredericksburg TX 78624 nearby adjusts to $684,604; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group