551 Wilson RD, Red Rock TX 78662

The market data from 7 similar recent sales in 78662 points to a value of approximately $410,123. To sell within a reasonable timeframe at fair market value, the $462,000 to $465,000 range is where I'd position this. In the current 78662 market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The 1985 construction puts this home 12 years newer than the comp average, a factor in the pricing. At 10.51 acres, the lot is larger than the 3.92 acre comp average, which factors into pricing. With 4 similar homes currently listed in 78662 (a buyer's market), competition is a factor to consider. In 78662, home values have fallen approximately 8.5% over the past 6 months. One of the strongest data points is 912 FM 812, Red Rock TX 78662, adjusting to $520,362; with a pool. 7 comparable transactions in 78662 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