717 Englemann Oak, Fredericksburg TX 78624

The estimated value of this property is $366,872, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $236,000 and $246,000. Against 7 similar active listings in 78624, this price point lands at the most expensive of 7 comparable homes on the market. Built in 2013, this home is 11 years older than the average comp, which is reflected in the adjustments. The 0.17 acre lot (larger than the 0.14 acre average) is reflected in the estimate. Buyers in 78624 have 7 comparable options right now, with asking prices between $248,500 and $299,000. Recent trends in 78624 show home values have fallen 25% since 6 months ago. The most comparable recent sale is 148 Feather Way, Fredericksburg TX 78624, with an adjusted value of $337,469; with a larger floor plan. Based on 3 relevant data points in 78624, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX