1475 Drewry LN, Lexington TX 78947

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $479,361. I'd recommend coming to market at $465,000 to $494,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in 78947, this price positions the property as the most expensive of 2 comparable homes on the market. Built in 1996, this home is 9 years older than the average comp, which is reflected in the adjustments. The 5.00 acre lot (smaller than the 7.84 acre average) is reflected in the estimate. Buyers in 78947 have 2 comparable options right now, with asking prices between $449,000 and $990,000. The trend in 78947 shows prices have fallen 21.7% in the past 6 months. 1308 Sherrill LN, Lexington TX 78947 nearby adjusts to $478,118; with a larger floor plan. Based on 6 relevant data points in 78947, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX