816 TERRACE DR, Lexington TX 78947

Based on 7 closed sales in 78947, the data points to a value around $257,961 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $179,000 to $189,000. Relative to what's currently available in 78947, this home would be the 3rd least expensive of 7 comparable homes on the market. At 115 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1974 (21 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in 78947 (a buyer's market), competition is a factor to consider. Market data shows 78947 prices fallen 21.7% over the last half year. The closest comparable sale, 113 North Ave, Lexington TX 78947 at an adjusted $264,220, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus