473 Ellinger RD, La Grange TX 78945

The market data from 7 similar recent sales in 78945 points to a value of approximately $300,225. To sell within a reasonable timeframe at fair market value, the $187,000 to $197,000 range is where I'd position this. In the current 78945 market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The 2011 construction puts this home 38 years newer than the comp average, a factor in the pricing. At 0.36 acres, the lot is smaller than the 0.60 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78945; a buyer's market based on recent absorption. In 78945, home values have risen approximately 4.8% over the past 6 months. One of the strongest data points is 2233 Valentine RD, La Grange TX 78945, adjusting to $328,905; a strong comparable. 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