Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $411,264. To generate strong buyer interest while maximizing value, I'd price this between $337,000 and $347,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78957. At 203 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.50 acres, the lot is smaller than the 0.95 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in 78957, listed between $375,000 and $375,000. The trend in 78957 shows prices have risen 4.8% in the past 6 months. 423 McAllister RD, Bastrop TX 78602 nearby adjusts to $476,065; a strong comparable. 7 comparable transactions in 78957 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