1165 Private Road 7016, Giddings TX 78947

Based on 7 closed sales in 78947, the data points to a value around $423,342 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $252,000 to $262,000. Relative to what's currently available in 78947, this home would be the most expensive of 7 comparable homes on the market. Being built in 1999 (5 years older than comps) is factored into the value estimate. Lot size matters here: 2.17 acres versus 4.34 for the typical comp. The active market in 78947 includes 7 comparable homes priced from $265,000 to $689,000. Market data shows 78947 prices fallen 10.1% over the last half year. The closest comparable sale, 1032 Private Road 7039, Lexington TX 78947 at an adjusted $404,288, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78947. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group