1065 Vernon ST, Lexington TX 78947

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $357,149. To generate strong buyer interest while maximizing value, I'd price this between $242,000 and $252,000. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in 78947. The 343 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.70 acres, the lot is smaller than the 2.56 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in 78947, listed between $235,000 and $375,000. The trend in 78947 shows prices have fallen 21.7% in the past 6 months. 815 Giddings ST, Lexington TX 78947 nearby adjusts to $331,941; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group