718 Shumard LN, Fredericksburg TX 78624

After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $508,442. Pricing this home between $302,000 and $312,000 would put it in the competitive sweet spot for 78624. This home's position in the current 78624 market: the most expensive of 3 comparable homes on the market among comparable properties. This home's larger footprint (143 sqft vs the comp average) plays a role in how the market prices it. With 3 similar homes currently listed in 78624 (a buyer's market), competition is a factor to consider. Market data shows 78624 prices fallen 23.2% over the last half year. The closest comparable sale, 908 Smokey Oak DR, Fredericksburg TX 78624 at an adjusted $537,118, is a strong comparable. The comp data here (3 sales in 78624) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus