719 GRACE LN, Fredericksburg TX 78624

Reviewing the most recent comparable transactions, this home's market value falls around $980,331. 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 123 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.28 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in 78624; a buyer's market based on recent absorption. Recent trends in 78624 show home values have fallen 4.5% since 6 months ago. The most comparable recent sale is 908 Smokey Oak DR, Fredericksburg TX 78624, with an adjusted value of $644,802; with a smaller floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group