916 3rd ST, Lexington TX 78947

Reviewing the most recent comparable transactions, this home's market value falls around $188,131. For a well positioned listing in 78947, I'd target the $288,000 to $295,000 range. With 7 comparable homes on the market in 78947, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 270 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 7 comparable homes in 78947; a buyer's market based on recent absorption. Recent trends in 78947 show home values have fallen 4.3% since 6 months ago. The most comparable recent sale is 309 N Rockdale ST, Lexington TX 78947, with an adjusted value of $250,111; with a smaller floor plan. The 4 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