706 GRACE LN, Fredericksburg TX 78624

The estimated value of this property is $803,952, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $887,000 and $1,455,000. 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. The 0.19 acre lot (smaller than the 0.24 acre average) is reflected in the estimate. Right now, 2 similar properties are competing for buyers in 78624, listed between $1,375,000 and $2,095,000. 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. 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