1002 W Prairie Lea ST, Lockhart TX 78644

The market data from 7 similar recent sales in TRAMMEL REV points to a value of approximately $265,618. To sell within a reasonable timeframe at fair market value, the $337,000 to $374,000 range is where I'd position this. Among the similar homes currently available in TRAMMEL REV, this price point stands out as competitive. The 1945 construction puts this home 33 years older than the comp average, a factor in the pricing. At 0.31 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in TRAMMEL REV; a buyer's market based on recent absorption. In 78644, home values have fallen approximately 8.6% over the past 6 months. One of the strongest data points is 912 Merritt DR, Lockhart TX 78644, adjusting to $452,186; 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