704 GRACE LN, Fredericksburg TX 78624

The market data from 3 similar recent sales in 78624 points to a value of approximately $510,615. To sell within a reasonable timeframe at fair market value, the $287,000 to $297,000 range is where I'd position this. With 5 comparable homes on the market in 78624, this price positions the property as the most expensive of 5 comparable homes on the market. 5 similar homes are currently available in 78624, creating a buyer's market for this price range. In 78624, home values have fallen approximately 9.8% over the past 6 months. One of the strongest data points is 908 Smokey Oak DR, Fredericksburg TX 78624, adjusting to $534,051; a strong comparable. The 3 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