LOT 3 HWY 535, Red Rock TX 78662

After reviewing 4 recent transactions in 78662, I estimate this property's value at $597,822. A competitive list price for this home right now would fall in the $580,000 to $616,000 range. Relative to what's currently available in 78662, this home would be below the only comparable home currently on the market. The larger floor plan (651 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (2.70 acres versus the area average of 12.75) contributes to the valuation. Right now, 1 similar properties are competing for buyers in 78662, listed between $855,000 and $855,000. Prices in 78662 have fallen 8.5% over the last 6 months. A similar home at 297 Meuth Cemetery RD, Red Rock TX 78662 carries an adjusted comparable value of $529,391, providing a strong data point. With 4 comparable sales in 78662, 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