405 Sycamore ST, Fredericksburg TX 78624

The market data from 7 similar recent sales in 78624 points to a value of approximately $490,987. To sell within a reasonable timeframe at fair market value, the $306,000 to $316,000 range is where I'd position this. Against 7 similar active listings in 78624, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 1857 construction puts this home 136 years older than the comp average, a factor in the pricing. At 0.32 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. The active market in 78624 includes 7 comparable homes priced from $294,000 to $2,095,000. In 78624, home values have fallen approximately 9.8% over the past 6 months. One of the strongest data points is 711 Chinkapin DR, Fredericksburg TX 78624, adjusting to $495,573; with a smaller floor plan. 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