231 Stephanie LN, Red Rock TX 78662

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $282,561. I'd recommend coming to market at $274,000 to $291,000 to strike the right balance between value and market velocity. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in RED ROCK ACRES. At 959 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1930, this home is 38 years older than the average comp, which is reflected in the adjustments. The trend in 78662 shows prices have fallen 8.5% in the past 6 months. 198 Anderson LN, Red Rock TX 78662 nearby adjusts to $156,403; a strong comparable. Based on 5 relevant data points in RED ROCK ACRES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX