1267 E Fm 696, Lexington TX 78947

After reviewing 7 recent transactions in 78947, I estimate this property's value at $371,259. A competitive list price for this home right now would fall in the $360,000 to $382,000 range. Relative to what's currently available in 78947, this home would be below the only comparable home currently on the market. Being 808 sqft larger than the average comparable sale in this area impacts the per square foot value. At 12 years older than typical comps, the 1984 build date influences the valuation. Right now, 1 similar properties are competing for buyers in 78947, listed between $590,000 and $590,000. Prices in 78947 have fallen 21.7% over the last 6 months. A similar home at 1487 County Road 405, Lexington TX 78947 carries an adjusted comparable value of $460,128, providing a strong data point. With 7 comparable sales in 78947, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group