740 Burns ST, Lexington TX 78947

The market data from 7 similar recent sales in 78947 points to a value of approximately $259,446. To sell within a reasonable timeframe at fair market value, the $156,000 to $166,000 range is where I'd position this. Among the similar homes currently available in 78947, this price point stands out as competitive. The 2023 construction puts this home 35 years newer than the comp average, a factor in the pricing. At 0.12 acres, the lot is smaller than the 0.30 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78947; a buyer's market based on recent absorption. In 78947, home values have fallen approximately 21.7% over the past 6 months. One of the strongest data points is 228 Cherry DR, Lexington TX 78947, adjusting to $323,266; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group