1201 Rio Vista CV, Lockhart TX 78644

Reviewing the most recent comparable transactions, this home's market value falls around $283,141. For a well positioned listing in RIDGE, I'd target the $363,000 to $365,000 range. Against 7 similar active listings in RIDGE, this price point lands at the 4th most expensive of 7 comparable homes on the market. At 272 sqft larger than the typical comp, the size difference factors into the valuation. The 2014 construction puts this home 6 years newer than the comp average, a factor in the pricing. 7 similar homes are currently available in RIDGE, creating a buyer's market for this price range. Recent trends in 78644 show home values have risen 0.7% since 6 months ago. The most comparable recent sale is 1392 E Market ST, Lockhart TX 78644, with an adjusted value of $206,551; with a larger floor plan. 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