623 Caldwell ST, Lexington TX 78947

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $262,483. I'd recommend coming to market at $156,000 to $166,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78947, this price point lands at the 2nd most expensive of 7 comparable homes on the market. Built in 2005, this home is 12 years newer than the average comp, which is reflected in the adjustments. The 0.49 acre lot (larger than the 0.29 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78947, listed between $150,000 and $349,500. The trend in 78947 shows prices have fallen 21.7% in the past 6 months. 920 Cherry ST, Lexington TX 78947 nearby adjusts to $264,361; a strong comparable. 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