659 Bob Moritz DR, Fredericksburg TX 78624

The estimated value of this property is $521,581, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $330,000 and $340,000. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in 78624. Built in 1895, this home is 92 years older than the average comp, which is reflected in the adjustments. The 4.57 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78624; a buyer's market based on recent absorption. Recent trends in 78624 show home values have fallen 9.8% since 6 months ago. The most comparable recent sale is 210 E Travis ST, Fredericksburg TX 78624, with an adjusted value of $772,373; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group