1405 County Road 405, Lexington TX 78947

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $278,787. I'd recommend coming to market at $154,000 to $164,000 to strike the right balance between value and market velocity. 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 (106 sqft vs the comp average) plays a role in how the market prices it. Built in 2005, this home is 17 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in 78947, creating a buyer's market for this price range. The trend in 78947 shows prices have fallen 15.9% in the past 6 months. 920 Cherry ST, Lexington TX 78947 nearby adjusts to $298,021; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group