721 GRACE LN, Fredericksburg TX 78624

Reviewing the most recent comparable transactions, this home's market value falls around $847,200. For a well positioned listing in 78624, I'd target the $929,000 to $1,483,000 range. In the current 78624 market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. Being 256 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.27 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in 78624; a buyer's market based on recent absorption. Recent trends in 78624 show home values have fallen 9.8% since 6 months ago. The most comparable recent sale is 718 GRACE LN, Fredericksburg TX 78624, with an adjusted value of $479,700; a strong comparable. 7 comparable transactions in 78624 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group