1012 Cherry DR, Lexington TX 78947

The estimated value of this property is $272,095, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $169,000 and $179,000. With 7 comparable homes on the market in 78947, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. Built in 1995, this home is 7 years newer than the average comp, which is reflected in the adjustments. The 0.57 acre lot (larger than the 0.30 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78947; a buyer's market based on recent absorption. Recent trends in 78947 show home values have fallen 21.7% since 6 months ago. The most comparable recent sale is 920 Cherry ST, Lexington TX 78947, with an adjusted value of $271,516; with a smaller floor plan. Based on 7 relevant data points in 78947, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX