1001 Fm 3403, Lexington TX 78947

Based on 7 closed sales in 78947, the data points to a value around $431,674 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $456,000 to $537,000. This pricing would rank the home as no active comparable homes on the market in 78947's current inventory. Being built in 2020 (12 years newer than comps) is factored into the value estimate. Lot size matters here: 10.74 acres versus 4.86 for the typical comp. Market data shows 78947 prices fallen 21.7% over the last half year. The closest comparable sale, 5999 County Road 326, Lexington TX 78947 at an adjusted $396,701, 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