1013 Private Road 7040, Lexington TX 78947

Reviewing the most recent comparable transactions, this home's market value falls around $561,198. For a well positioned listing in 78947, I'd target the $484,000 to $494,000 range. In the current 78947 market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. This home's larger footprint (762 sqft vs the comp average) plays a role in how the market prices it. At 4.65 acres, the lot is smaller than the 9.49 acre comp average, which factors into pricing. Buyers in 78947 have 2 comparable options right now, with asking prices between $399,000 and $699,900. Recent trends in 78947 show home values have fallen 0.7% since 6 months ago. The most comparable recent sale is 1032 Private Road 7039, Lexington TX 78947, with an adjusted value of $503,109; with a smaller floor plan. 5 comparable transactions in 78947 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group