5172 Fm 2001, Lockhart TX 78644

The market data from 7 similar recent sales in MORDICA B points to a value of approximately $324,907. To sell within a reasonable timeframe at fair market value, the $315,000 to $348,000 range is where I'd position this. In the current MORDICA B market with 0 similar homes available, this price represents no active comparable homes on the market. The 1977 construction puts this home 29 years older than the comp average, a factor in the pricing. At 2.00 acres, the lot is larger than the 0.47 acre comp average, which factors into pricing. In 78644, home values have fallen approximately 8.5% over the past 6 months. One of the strongest data points is 5172 Fm 2001, Lockhart TX 78644, adjusting to $390,000; a strong comparable. 7 comparable transactions in MORDICA B 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