225 S Gabriel, Bertram TX 78605

After reviewing 7 recent transactions in NEW, I estimate this property's value at $220,648. A competitive list price for this home right now would fall in the $262,000 to $270,000 range. This pricing would rank the home as the most affordable of 7 comparable homes on the market in NEW's current inventory. At 75 years older than typical comps, the 1900 build date influences the valuation. The smaller lot (0.22 acres versus the area average of 0.43) contributes to the valuation. There are currently 7 similar homes on the market in NEW, ranging from $229,990 to $399,900. Prices in 78605 have fallen 17.7% over the last 6 months. A similar home at 440 S East ST, Bertram TX 78605 carries an adjusted comparable value of $258,563, providing a strong data point. The comp data here (7 sales in NEW) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus