1704 Old Mcmahan TRL, Lockhart TX 78644

The market data from 7 similar recent sales in 78644 points to a value of approximately $243,294. To sell within a reasonable timeframe at fair market value, the $89,000 to $99,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78644. At 446 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.52 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. 7 similar homes are currently available in 78644, creating a buyer's market for this price range. In 78644, home values have risen approximately 8.8% over the past 6 months. One of the strongest data points is 516 San Saba ST, Lockhart TX 78644, adjusting to $214,200; with a larger floor plan. 7 comparable transactions in 78644 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group