515 Interlaken ST, Fredericksburg TX 78624

After reviewing 7 recent transactions in 78624, I estimate this property's value at $1,427,421. A competitive list price for this home right now would fall in the $1,399,000 to $1,456,000 range. This would position the home competitively among 4 active listings in 78624. At 901 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.44 acres versus the area average of 0.24) contributes to the valuation. Current inventory shows 4 comparable homes in 78624; a buyer's market based on recent absorption. Prices in 78624 have fallen 25% over the last 6 months. A similar home at 306 Interlaken ST, Fredericksburg TX 78624 carries an adjusted comparable value of $1,108,279, providing a strong data point. With 7 comparable sales in 78624, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group