701 W Live Oak ST, Lockhart TX 78644

After reviewing 7 recent transactions in ALLEN, I estimate this property's value at $427,522. A competitive list price for this home right now would fall in the $265,000 to $275,000 range. This home's position in the current ALLEN market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. Being 550 sqft larger than the average comparable sale in this area impacts the per square foot value. At 17 years older than typical comps, the 1932 build date influences the valuation. Current inventory shows 7 comparable homes in ALLEN; a buyer's market based on recent absorption. Prices in 78644 have fallen 7.7% over the last 6 months. A similar home at 1006 MAPLE ST, Lockhart TX 78644 carries an adjusted comparable value of $361,430, providing a strong data point. With 7 comparable sales in ALLEN, 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