1102 Drewry LN, Lexington TX 78947

My analysis of 4 comparable properties puts this home's estimated value at $600,452. Based on how the local market is moving, a list price between $377,000 and $387,000 would position this home well. This would position the home competitively among 3 active listings in 78947. Being 288 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (8.43 acres versus the area average of 8.75) contributes to the valuation. With 3 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 1308 Sherrill LN, Lexington TX 78947 at an adjusted value of $577,568, with a smaller floor plan. The comp data here (4 sales in 78947) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus