The market data from 7 similar recent sales in S7500 RUBLE points to a value of approximately $213,679. To sell within a reasonable timeframe at fair market value, the $259,000 to $260,000 range is where I'd position this. With 6 comparable homes on the market in S7500 RUBLE, this price positions the property as the 2nd least expensive of 6 comparable homes on the market. The 1946 construction puts this home 17 years older than the comp average, a factor in the pricing. At 0.26 acres, the lot is smaller than the 0.44 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in S7500 RUBLE; a buyer's market based on recent absorption. In 78605, home values have risen approximately 1.8% over the past 6 months. One of the strongest data points is 445 W Vaughan ST, Bertram TX 78605, adjusting to $171,505; a strong comparable. 7 comparable transactions in S7500 RUBLE 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