713 GRACE LN, Fredericksburg TX 78624

Reviewing the most recent comparable transactions, this home's market value falls around $989,095. For a well positioned listing in 78624, I'd target the $456,000 to $466,000 range. In the current 78624 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The larger floor plan (123 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.30 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in 78624, listed between $474,500 and $517,500. Recent trends in 78624 show home values have fallen 21.6% since 6 months ago. The most comparable recent sale is 908 Smokey Oak DR, Fredericksburg TX 78624, with an adjusted value of $639,501; with a smaller floor plan. 3 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