4850 Old Mcmahan, Lockhart TX 78644

Based on 7 closed sales in 78644, the data points to a value around $469,700 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $456,000 to $484,000. This pricing would rank the home as below the only comparable home currently on the market in 78644's current inventory. Being built in 1998 (10 years older than comps) is factored into the value estimate. Lot size matters here: 11.00 acres versus 5.30 for the typical comp. Current inventory shows 1 comparable homes in 78644; a buyer's market based on recent absorption. Market data shows 78644 prices fallen 6% over the last half year. The closest comparable sale, 3185 Old Colony Line RD, Lockhart TX 78644 at an adjusted $429,812, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78644. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group