205 N Milam ST, Fredericksburg TX 78624

Off Market

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Ed's Opinion of Value

$274,000 Ed's Estimate: $630,950 $1,149,000

Lowest Comp Recommended List: $277,000 to $287,000 Highest Comp

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $630,950. I'd recommend coming to market at $277,000 to $287,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78624, this price point stands out as competitive. Built in 1925, this home is 54 years older than the average comp, which is reflected in the adjustments. 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 fallen 9.8% in the past 6 months. 208 N Acorn ST, Fredericksburg TX 78624 nearby adjusts to $842,560; 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

78624 Market Trends

$658,750 Median Sold Price ▼ 9.8% 6mo

$315/sqft Median $/SqFt ▼ 25.5% 6mo

91 days Avg Days on Market 17 days slower

61 homes Active Inventory 16.6 mo supply

95.8% Sale-to-List Ratio

22 Sales (6 months)

Recently Sold Comparables

$842,560 adjusted 208 N Acorn ST, Fredericksburg TX 78624 4bd / 3.0ba • 1,550 sqft • 0.4 mi Sold 5 months ago

$620,355 adjusted 326 W Mulberry ST, Fredericksburg TX 78624 4bd / 2.0ba • 1,813 sqft • 0.7 mi Sold 10 months ago

$797,399 adjusted 404 Cora ST, Fredericksburg TX 78624 3bd / 2.0ba • 1,764 sqft • 0.4 mi Sold 10 months ago

$412,038 adjusted 711 Chinkapin DR, Fredericksburg TX 78624 3bd / 3.0ba • 1,902 sqft • 1.5 mi Sold 1 months ago

$864,601 adjusted 210 E Travis ST, Fredericksburg TX 78624 3bd / 2.0ba • 1,320 sqft • 0.6 mi Sold 5 months ago

Currently on Market

$1,149,000 113 W Creek ST, Fredericksburg TX 78624 3bd / 2.0ba • 1,596 sqft • 0.5 mi 327 days on market

$459,900 207 S Creek ST, Fredericksburg TX 78624 3bd / 2.0ba • 1,659 sqft • 1.2 mi 117 days on market

$274,000 103 Ellendale PL, Fredericksburg TX 78624 4bd / 2.0ba • 1,667 sqft • 2 mi 23 days on market

4 Beds

3 Baths 3 Full

1,710 Sq Ft

0.183 Acres

1925 Built

About This Property

Renovated showpiece a block from Main Street! This property is fully furnished with new, unused, top of the line brands. TURNKEY - everything conveys. The bones of this 1920s bungalow, including 10’ ceilings, have been maintained with all new kitchen, plumbing, electrical, flooring, beamwork, hot tub, and more. ADA features include an entry ramp and roll-in shower. Avoid STR regulation change concerns with this C-1 zoned property. Directly across the street from Grand Central at Milam coming soon with new vendors, live music, and more. A 3 minute walk to Hondos, Crossroads, and other top destinations! New STR permit in place, if desired, not yet used. Property subject to Historic District regulations

Features

Built-in Features
Ceiling Fan(s)
Beamed Ceilings
High Ceilings
Chandelier
Crown Molding
Double Vanity
Electric Dryer Hookup
Eat-in Kitchen
High Speed Internet
Kitchen Island
Natural Woodwork
No Interior Steps
Open Floorplan
Primary Bedroom on Main
Recessed Lighting
Smart Home
Smart Thermostat
Storage
Washer Hookup
See Remarks

Location

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Schools

School District Fredericksburg ISD

Elementary Fredericksburg

Middle School Fredericksburg

High School Fredericksburg (Fredericksburg ISD)

Property Details

Property Type Residential

Flooring Tile, Wood

Cooling Ceiling Fan(s), Central Air, Electric

Heating Central, Natural Gas

Exterior Exterior Steps, Gas Grill, Gutters Full, Lighting, Outdoor Grill, Private Yard, See Remarks

County Gillespie

MLS # 3161053

Listing History

MLS# 3161053 10 days

Jun 1, 2022	Off Market
Apr 19, 2022	Price Change	$1,200,000
Apr 7, 2022	Listed	$1,290,000

Frequently Asked Questions About 205 N Milam ST, Fredericksburg TX 78624

When was 205 N Milam ST, Fredericksburg TX 78624 built?

205 N Milam ST, Fredericksburg TX 78624 was built in 1925.

How much does 205 N Milam ST, Fredericksburg TX 78624 cost?

205 N Milam ST, Fredericksburg TX 78624 sold on June 1, 2022. Contact us for sale price details.

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