817 Terrace, Lexington TX 78947

My analysis of 3 comparable properties puts this home's estimated value at $199,358. Based on how the local market is moving, a list price between $267,000 and $312,000 would position this home well. This would position the home competitively among 7 active listings in 78947. The 218 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.36 acres versus the area average of 0.31) contributes to the valuation. With 7 similar homes currently listed in 78947 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78947: fallen 21.7%. The best comp here is 113 North Ave, Lexington TX 78947 at an adjusted value of $255,701, a strong comparable. 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