88 J McHugh DR, Lockhart TX 78644

The market data from 6 similar recent sales in 78644 points to a value of approximately $354,903. To sell within a reasonable timeframe at fair market value, the $542,000 to $583,000 range is where I'd position this. With 1 comparable homes on the market in 78644, this price positions the property as below the only comparable home currently on the market. The 449 sqft size difference versus comparable sales is reflected in the adjusted values. The 1999 construction puts this home 10 years older than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in 78644; a buyer's market based on recent absorption. In 78644, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 255 Alexandra LN, Dale TX 78616, adjusting to $307,125; a strong comparable. 6 comparable transactions in 78644 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