715 Englemann Oak, Fredericksburg TX 78624

Based on 3 closed sales in 78624, the data points to a value around $373,462 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $230,000 to $240,000. Relative to what's currently available in 78624, this home would be the most expensive of 7 comparable homes on the market. This home's smaller footprint (148 sqft vs the comp average) plays a role in how the market prices it. Being built in 2013 (11 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in 78624; a buyer's market based on recent absorption. Market data shows 78624 prices fallen 9.8% over the last half year. The closest comparable sale, 148 Feather Way, Fredericksburg TX 78624 at an adjusted $340,347, is with a larger floor plan. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus