712 Burns ST, Lexington TX 78947

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $257,192. I'd recommend coming to market at $303,000 to $307,000 to strike the right balance between value and market velocity. In the current 78947 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (528 sqft vs the comp average) plays a role in how the market prices it. Built in 1970, this home is 19 years older than the average comp, which is reflected in the adjustments. The active market in 78947 includes 7 comparable homes priced from $235,000 to $575,000. The trend in 78947 shows prices have fallen 21.7% in the past 6 months. 815 Giddings ST, Lexington TX 78947 nearby adjusts to $265,240; with a smaller 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