1053 Phillips ST, Lexington TX 78947

Taking into account 7 nearby comparable sales, this property's estimated value comes to $358,036. If we were to list this property today, I'd recommend a list price in the $246,000 to $256,000 range. Relative to what's currently available in 78947, this home would be the most expensive of 6 comparable homes on the market. The larger floor plan (195 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1991 (15 years older than comps) is factored into the value estimate. The active market in 78947 includes 6 comparable homes priced from $235,000 to $375,000. The 6 month price trend in 78947: fallen 21.7%. The best comp here is 815 Giddings ST, Lexington TX 78947 at an adjusted value of $331,702, with a smaller floor plan. 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