912 Merritt DR, Lockhart TX 78644

Reviewing the most recent comparable transactions, this home's market value falls around $335,193. For a well positioned listing in SOUTH PARK PLACE, I'd target the $225,000 to $235,000 range. In the current SOUTH PARK PLACE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. At 0.39 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. The active market in SOUTH PARK PLACE includes 7 comparable homes priced from $230,999 to $485,000. Recent trends in SOUTH PARK PLACE show home values have fallen 40.7% since 6 months ago. The most comparable recent sale is 808 Vogel DR, Lockhart TX 78644, with an adjusted value of $407,738; a strong comparable. The 6 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