616 Well ST, Lexington TX 78947

The estimated value of this property is $287,710, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $173,000 and $183,000. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78947. Built in 2006, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 0.31 acre lot (smaller than the 0.78 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78947, listed between $174,999 and $349,500. Recent trends in 78947 show home values have fallen 15.9% since 6 months ago. The most comparable recent sale is 815 Giddings ST, Lexington TX 78947, with an adjusted value of $251,276; with a larger floor plan. Based on 7 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