403 N Pecan ST, Fredericksburg TX 78624

The market data from 7 similar recent sales in 78624 points to a value of approximately $774,924. To sell within a reasonable timeframe at fair market value, the $515,000 to $525,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in 78624. The 395 sqft size difference versus comparable sales is reflected in the adjusted values. The 1925 construction puts this home 67 years older than the comp average, a factor in the pricing. Right now, 5 similar properties are competing for buyers in 78624, listed between $485,000 and $2,095,000. In 78624, home values have fallen approximately 9.8% over the past 6 months. One of the strongest data points is 706 W Creek ST, Fredericksburg TX 78624, adjusting to $1,341,648; 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