717 GRACE LN, Fredericksburg TX 78624

After reviewing 7 recent transactions in 78624, I estimate this property's value at $848,536. A competitive list price for this home right now would fall in the $531,000 to $541,000 range. This pricing would rank the home as the most expensive of 3 comparable homes on the market in 78624's current inventory. The 256 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.29 acres versus the area average of 0.24) contributes to the valuation. Current inventory shows 3 comparable homes in 78624; a buyer's market based on recent absorption. Prices in 78624 have fallen 4.5% over the last 6 months. A similar home at 718 GRACE LN, Fredericksburg TX 78624 carries an adjusted comparable value of $483,552, providing a strong data point. With 7 comparable sales in 78624, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group