2385 Borchert LOOP, Lockhart TX 78644

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $343,460. I'd recommend coming to market at $512,000 to $549,000 to strike the right balance between value and market velocity. In the current INDIAN PAINTBRUSH ACRES market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (721 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.00 acre lot (larger than the 0.13 acre average) is reflected in the estimate. The active market in INDIAN PAINTBRUSH ACRES includes 7 comparable homes priced from $424,900 to $695,000. The trend in 78644 shows prices have fallen 6% in the past 6 months. 427 Silvercloud DR, Lockhart TX 78644 nearby adjusts to $330,914; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group