1048 Warren RD, Lexington TX 78947

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $465,412. I'd recommend coming to market at $500,000 to $512,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78947, this price point stands out as competitive. This home's smaller footprint (336 sqft vs the comp average) plays a role in how the market prices it. Built in 1995, this home is 7 years older than the average comp, which is reflected in the adjustments. 1 similar homes are currently available in 78947, creating a buyer's market for this price range. The trend in 78947 shows prices have fallen 21.7% in the past 6 months. 1411 County Road B, Lexington TX 78947 nearby adjusts to $511,825; a strong comparable. Based on 5 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