1034 CR 348, Lexington TX 78947

The estimated value of this property is $313,255, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $189,000 and $199,000. In the current NO market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 197 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1995, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in NO; a buyer's market based on recent absorption. Recent trends in NO show home values have fallen 3.6% since 6 months ago. The most comparable recent sale is 5999 County Road 326, Lexington TX 78947, with an adjusted value of $307,671; a strong comparable. Based on 7 relevant data points in NO, 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