137 Ponderosa RD, Bastrop TX 78602

The market data from 7 similar recent sales in HIGHSMITH points to a value of approximately $427,228. To sell within a reasonable timeframe at fair market value, the $419,000 to $436,000 range is where I'd position this. With 7 comparable homes on the market in HIGHSMITH, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Being 111 sqft larger than the average comparable sale in this area impacts the per square foot value. At 3.50 acres, the lot is larger than the 0.88 acre comp average, which factors into pricing. With 7 similar homes currently listed in HIGHSMITH (a buyer's market), competition is a factor to consider. In 78602, home values have fallen approximately 0.3% over the past 6 months. One of the strongest data points is 139 Village Forest DR, Smithville TX 78957, adjusting to $419,425; with a smaller floor plan. The 7 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