1907 W Fm 696, Lexington TX 78947

Reviewing the most recent comparable transactions, this home's market value falls around $433,742. For a well positioned listing in 78947, I'd target the $606,000 to $616,000 range. Among the similar homes currently available in 78947, this price point stands out as competitive. Being 459 sqft larger than the average comparable sale in this area impacts the per square foot value. At 20.90 acres, the lot is larger than the 3.58 acre comp average, which factors into pricing. The active market in 78947 includes 3 comparable homes priced from $575,000 to $899,500. 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 $615,973; with a smaller floor plan. 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