1004 Cherry DR, Lexington TX 78947

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $280,644. Pricing this home between $318,000 and $358,000 would put it in the competitive sweet spot for 78947. This pricing would rank the home as the 3rd least expensive of 6 comparable homes on the market in 78947's current inventory. This home's larger footprint (465 sqft vs the comp average) plays a role in how the market prices it. At 8 years older than typical comps, the 1980 build date influences the valuation. Right now, 6 similar properties are competing for buyers in 78947, listed between $235,000 and $899,500. Market data shows 78947 prices fallen 21.7% over the last half year. The closest comparable sale, 113 North Ave, Lexington TX 78947 at an adjusted $305,461, is with a smaller floor plan. With 7 comparable sales in 78947, 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