2972 Fm 2440, Giddings TX 78942

After reviewing 7 recent transactions in 78942, I estimate this property's value at $383,878. A competitive list price for this home right now would fall in the $238,000 to $248,000 range. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in 78942's current inventory. At 12 years older than typical comps, the 1976 build date influences the valuation. The smaller lot (1.00 acres versus the area average of 1.90) contributes to the valuation. 3 similar homes are currently available in 78942, creating a buyer's market for this price range. Prices in 78942 have fallen 8.6% over the last 6 months. A similar home at 850 Whispering Oaks DR, Giddings TX 78942 carries an adjusted comparable value of $348,614, providing a strong data point. With 7 comparable sales in 78942, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group