802 S Creek ST # 116, Fredericksburg TX 78624

The market data from 7 similar recent sales in 78624 points to a value of approximately $250,724. To sell within a reasonable timeframe at fair market value, the $360,000 to $361,000 range is where I'd position this. Against 3 similar active listings in 78624, this price point lands at the most affordable of 3 comparable homes on the market. Being 491 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.00 acres, the lot is smaller than the 0.12 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in 78624; a buyer's market based on recent absorption. In 78624, home values have fallen approximately 23% over the past 6 months. One of the strongest data points is 109 Ellendale PL, Fredericksburg TX 78624, adjusting to $178,800; with a larger floor plan. The 7 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