1040 County Road 348, Lexington TX 78947

Taking into account 7 nearby comparable sales, this property's estimated value comes to $247,715. If we were to list this property today, I'd recommend a list price in the $327,000 to $329,000 range. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in 78947's current inventory. Being built in 1960 (34 years older than comps) is factored into the value estimate. Lot size matters here: 0.22 acres versus 0.91 for the typical comp. With 7 similar homes currently listed in 78947 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78947: fallen 21.7%. The best comp here is 5999 County Road 326, Lexington TX 78947 at an adjusted value of $269,155, 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