1475 Drewry LN, Lexington TX 78947

Reviewing the most recent comparable transactions, this home's market value falls around $479,361. For a well positioned listing in 78947, I'd target the $465,000 to $494,000 range. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in 78947. The 1996 construction puts this home 9 years older than the comp average, a factor in the pricing. At 5.00 acres, the lot is smaller than the 7.84 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in 78947; a buyer's market based on recent absorption. Recent trends in 78947 show home values have fallen 21.7% since 6 months ago. The most comparable recent sale is 1308 Sherrill LN, Lexington TX 78947, with an adjusted value of $478,118; with a larger floor plan. 6 comparable transactions in 78947 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group