1409 Colton LN, Lockhart TX 78644

Reviewing the most recent comparable transactions, this home's market value falls around $289,792. For a well positioned listing in CLEAR FORK ESTATES, I'd target the $241,000 to $251,000 range. In the current CLEAR FORK ESTATES market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. At 0.23 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in CLEAR FORK ESTATES; a buyer's market based on recent absorption. Recent trends in 78644 show home values have fallen 6% since 6 months ago. The most comparable recent sale is 516 Christopher's CV, Lockhart TX 78644, with an adjusted value of $317,838; with a smaller 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