1389 W Fm 696, Lexington TX 78947

Reviewing the most recent comparable transactions, this home's market value falls around $442,008. For a well positioned listing in 78947, I'd target the $249,000 to $259,000 range. Against 7 similar active listings in 78947, this price point lands at the 3rd most expensive of 7 comparable homes on the market. This home's larger footprint (410 sqft vs the comp average) plays a role in how the market prices it. The 1998 construction puts this home 7 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78947 (a buyer's market), competition is a factor to consider. Recent trends in 78947 show home values have fallen 15.9% since 6 months ago. The most comparable recent sale is 1308 Sherrill LN, Lexington TX 78947, with an adjusted value of $549,341; a strong comparable. The 7 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