615 Red River ST, Lockhart TX 78644

Reviewing the most recent comparable transactions, this home's market value falls around $143,701. For a well positioned listing in 78644, I'd target the $229,000 to $235,000 range. With 3 comparable homes on the market in 78644, this price positions the property as the most affordable of 3 comparable homes on the market. The 2001 construction puts this home 11 years newer than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.16 acre comp average, which factors into pricing. With 3 similar homes currently listed in 78644 (a buyer's market), competition is a factor to consider. Recent trends in 78644 show home values have fallen 8.5% since 6 months ago. The most comparable recent sale is 1303 W Pointe PL, Lockhart TX 78644, with an adjusted value of $157,559; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group