786 Merritt DR, Lockhart TX 78644

My analysis of 5 comparable properties puts this home's estimated value at $319,247. Based on how the local market is moving, a list price between $225,000 and $235,000 would position this home well. Buyers shopping in SOUTH PARK PLACE right now would see this as a well positioned option among 6 comparable homes. Being 151 sqft smaller than the average comparable sale in this area impacts the per square foot value. The larger lot (0.41 acres versus the area average of 0.27) contributes to the valuation. 6 similar homes are currently available in SOUTH PARK PLACE, creating a buyer's market for this price range. The 6 month price trend in SOUTH PARK PLACE: fallen 24.5%. The best comp here is 912 Merritt DR, Lockhart TX 78644 at an adjusted value of $470,391, with a larger floor plan. With 5 comparable sales in SOUTH PARK PLACE, 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