328 W Morse ST, Fredericksburg TX 78624

The market data from 3 similar recent sales in 78624 points to a value of approximately $824,130. To sell within a reasonable timeframe at fair market value, the $475,000 to $485,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in 78624. At 115 sqft smaller than the typical comp, the size difference factors into the valuation. The 1945 construction puts this home 5 years newer than the comp average, a factor in the pricing. With 3 similar homes currently listed in 78624 (a buyer's market), competition is a factor to consider. In 78624, home values have risen approximately 6.9% over the past 6 months. One of the strongest data points is 210 E Travis ST, Fredericksburg TX 78624, adjusting to $852,061; with a smaller floor plan. 3 comparable transactions in 78624 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