4976 Fm 1624, Lexington TX 78947

My analysis of 5 comparable properties puts this home's estimated value at $465,952. Based on how the local market is moving, a list price between $542,000 and $661,000 would position this home well. Relative to what's currently available in 78947, this home would be the most affordable of 2 comparable homes on the market. Being 121 sqft larger than the average comparable sale in this area impacts the per square foot value. At 7 years older than typical comps, the 2002 build date influences the valuation. Current inventory shows 2 comparable homes in 78947; a buyer's market based on recent absorption. The 6 month price trend in 78947: fallen 10.1%. The best comp here is 1032 Private Road 7039, Lexington TX 78947 at an adjusted value of $405,078, a strong comparable. The comp data here (5 sales in 78947) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus