108 W Morse ST, Fredericksburg TX 78624

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $573,729. To generate strong buyer interest while maximizing value, I'd price this between $277,000 and $287,000. In the current 78624 market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 1939 construction puts this home 53 years older than the comp average, a factor in the pricing. At 0.42 acres, the lot is smaller than the 0.56 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78624 (a buyer's market), competition is a factor to consider. The trend in 78624 shows prices have risen 10.9% in the past 6 months. 711 Chinkapin DR, Fredericksburg TX 78624 nearby adjusts to $487,946; 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