Reviewing the most recent comparable transactions, this home's market value falls around $715,887. For a well positioned listing in 78947, I'd target the $694,000 to $737,000 range. Against 1 similar active listings in 78947, this price point lands at below the only comparable home currently on the market. The larger floor plan (1,434 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1994 construction puts this home 5 years older than the comp average, a factor in the pricing. There are currently 1 similar homes on the market in 78947, ranging from $1,075,000 to $1,075,000. Recent trends in 78947 show home values have fallen 21.7% since 6 months ago. The most comparable recent sale is 4445 W Fm 696, Lexington TX 78947, with an adjusted value of $886,764; with a smaller floor plan and a pool. 4 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