440 N Madison ST, La Grange TX 78945

The market data from 7 similar recent sales in 78945 points to a value of approximately $628,235. To sell within a reasonable timeframe at fair market value, the $405,000 to $415,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78945. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. The 1940 construction puts this home 49 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78945, listed between $305,000 and $599,000. In 78945, home values have fallen approximately 11.9% over the past 6 months. One of the strongest data points is 264 Timber Lake DR, La Grange TX 78945, adjusting to $800,534; 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