700 GRACE LN, Fredericksburg TX 78624

Reviewing the most recent comparable transactions, this home's market value falls around $803,952. For a well positioned listing in 78624, I'd target the $887,000 to $1,455,000 range. Among the similar homes currently available in 78624, this price point stands out as competitive. The 256 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.19 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. With 2 similar homes currently listed in 78624 (a buyer's market), competition is a factor to consider. Recent trends in 78624 show home values have fallen 9.8% since 6 months ago. The most comparable recent sale is 718 GRACE LN, Fredericksburg TX 78624, with an adjusted value of $455,000; a strong comparable. 7 comparable transactions in 78624 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