7 recent sales within a mile of this address suggest a current value of $330,954. My recommended list price range for this property would be $233,000 to $243,000. In the current BUILDING BLK market with 1 similar homes available, this price represents below the only comparable home currently on the market. This home's smaller footprint (742 sqft vs the comp average) plays a role in how the market prices it. Built in 1942, this home is 18 years newer than the average comp, which is reflected in the adjustments. With 1 similar homes currently listed in BUILDING BLK (a buyer's market), competition is a factor to consider. In BUILDING BLK, home values have fallen approximately 16.7% over the past 6 months. One of the strongest data points is 1916 Hill ST, Bastrop TX 78602, adjusting to $198,827; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group