1218 Private Road 3063, Lexington TX 78947

This home was listed at $299,000 and was on the market for 65 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $505,972. Here are some factors that may have played a role: At $246/sqft, the asking price was 40% above the area median, though there may have been upgrades or features not captured in the data. Built in 1990, this home may have faced competition from newer construction in the area priced similarly. The 1,002 sqft size difference versus comparable sales is reflected in the adjusted values. The 1990 construction puts this home 18 years older than the comp average, a factor in the pricing. The 3 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