513 S Olive ST, Fredericksburg TX 78624

Reviewing the most recent comparable transactions, this home's market value falls around $518,457. For a well positioned listing in SOUTH HEIGHTS, I'd target the $346,000 to $356,000 range. With 5 comparable homes on the market in SOUTH HEIGHTS, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. At 412 sqft smaller than the typical comp, the size difference factors into the valuation. The 1955 construction puts this home 6 years older than the comp average, a factor in the pricing. Right now, 5 similar properties are competing for buyers in SOUTH HEIGHTS, listed between $356,440 and $725,000. Recent trends in SOUTH HEIGHTS show home values have risen 38.8% since 6 months ago. The most comparable recent sale is 802 S Creek ST # 116, Fredericksburg TX 78624, with an adjusted value of $316,483; a strong comparable. 7 comparable transactions in SOUTH HEIGHTS 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