1283 Sherrill LN, Lexington TX 78947

My analysis of 5 comparable properties puts this home's estimated value at $541,366. Based on how the local market is moving, a list price between $339,000 and $349,000 would position this home well. Relative to what's currently available in 78947, this home would be the most expensive of 4 comparable homes on the market. At 6 years older than typical comps, the 1996 build date influences the valuation. The smaller lot (4.83 acres versus the area average of 7.40) contributes to the valuation. With 4 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 $521,998, a strong comparable. The comp data here (5 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