635 N Main ST, Lexington TX 78947

Lexington, TX 78947 | New Town Lexington

Ed's Opinion of Value

$200,000 Ed's Estimate: $293,569 $349,500
Lowest Comp Recommended List: $288,000 to $299,000 Highest Comp

Listing History

$435,000 List Price
$287,676 Comp Value
1 Price Reductions

This property was listed at $435,000 and expired after 163 days on market. The price was reduced from $450,000 to $435,000. This listing activity factors into the valuation.

My analysis of 3 comparable properties puts this home's estimated value at $293,569. Based on how the local market is moving, a list price between $288,000 and $299,000 would position this home well. This would position the home competitively among 7 active listings in 78947. The larger lot (0.25 acres versus the area average of 0.22) contributes to the valuation. With 3 comparable sales in 78947, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
2 Beds
2 Baths
1,400 Sq Ft
0.247 Acres
2018 Built

About This Property

Superior Stone, a dimensional stone supplier, is selling the quarry because they have reached a point where cutting the rock into the required shape is difficult. At this point, blasting or hammering into the rock would be more efficient and therefore better suited for an aggregate or crushed rock company. There is a healthy amount of rock left. However, buyer must do their independent research regarding mineral value remaining on property.

Close proximity to Highway 195 and Florence town center.

This land is being sold for rock value. Seller will not provide any information regarding current mineral supply. Buyer will have to do their own independent research.

Location

Property Details

Property Type Residential
Flooring See Remarks
Cooling None
Heating None
County Lee
MLS # 2399064

Listing History

MLS# 2399064 163 days
May 31, 2025 Off Market
Dec 19, 2024 Listed $450,000
Mar 30, 2021 Price Change $435,000

Frequently Asked Questions About 635 N Main ST, Lexington TX 78947

When was 635 N Main ST, Lexington TX 78947 built?

635 N Main ST, Lexington TX 78947 was built in 2018.

How much does 635 N Main ST, Lexington TX 78947 cost?

635 N Main ST, Lexington TX 78947 is currently off market.

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