5255 E Fm 20, Lockhart TX 78644

After reviewing 7 recent transactions in 78644, I estimate this property's value at $256,070. A competitive list price for this home right now would fall in the $248,000 to $264,000 range. This pricing would rank the home as below the only comparable home currently on the market in 78644's current inventory. This home's larger footprint (336 sqft vs the comp average) plays a role in how the market prices it. The larger lot (13.40 acres versus the area average of 1.75) contributes to the valuation. 1 similar homes are currently available in 78644, creating a buyer's market for this price range. Prices in 78644 have fallen 6% over the last 6 months. A similar home at 154 Caracara LN, Dale TX 78616 carries an adjusted comparable value of $356,933, providing a strong data point. With 7 comparable sales in 78644, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group