1148 Cannon Ball LN, Lexington TX 78947

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $477,848. I'd recommend coming to market at $224,000 to $234,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78947, this price point lands at the most expensive of 7 comparable homes on the market. The pool is a standout feature, with 6 of 7 comparable homes not offering one. Built in 1997, this home is 10 years older than the average comp, which is reflected in the adjustments. The active market in 78947 includes 7 comparable homes priced from $220,000 to $390,000. The trend in 78947 shows prices have risen 1.4% in the past 6 months. 1308 Sherrill LN, Lexington TX 78947 nearby adjusts to $567,711; with a larger floor plan and no pool. Based on 7 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