453 N Burleson ST, Giddings TX 78942

Reviewing the most recent comparable transactions, this home's market value falls around $147,834. For a well positioned listing in 78942, I'd target the $186,000 to $196,000 range. With 5 comparable homes on the market in 78942, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. The 1944 construction puts this home 16 years older than the comp average, a factor in the pricing. At 0.20 acres, the lot is smaller than the 0.29 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in 78942; a buyer's market based on recent absorption. Recent trends in 78942 show home values have fallen 8.6% since 6 months ago. The most comparable recent sale is 875 E Brenham ST, Giddings TX 78942, with an adjusted value of $161,886; 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