4428 W Fm 696, Lexington TX 78947

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $677,862. I'd recommend coming to market at $401,000 to $411,000 to strike the right balance between value and market velocity. With 1 comparable homes on the market in 78947, this price positions the property as below the only comparable home currently on the market. At 575 sqft larger than the typical comp, the size difference factors into the valuation. The 16.49 acre lot (larger than the 8.75 acre average) is reflected in the estimate. The active market in 78947 includes 1 comparable homes priced from $340,000 to $340,000. The trend in 78947 shows prices have fallen 21.7% in the past 6 months. 4445 W Fm 696, Lexington TX 78947 nearby adjusts to $760,641; with a pool. With 4 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