705 N Washington ST, Fredericksburg TX 78624

The market data from 7 similar recent sales in 78624 points to a value of approximately $574,443. To sell within a reasonable timeframe at fair market value, the $285,000 to $295,000 range is where I'd position this. Among the similar homes currently available in 78624, this price point stands out as competitive. The 1966 construction puts this home 25 years older than the comp average, a factor in the pricing. At 0.28 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. 7 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 404 Cora ST, Fredericksburg TX 78624, adjusting to $920,424; 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