507 E Main ST, Llano TX 78643

Reviewing the most recent comparable transactions, this home's market value falls around $175,178. For a well positioned listing in 78643, I'd target the $253,000 to $256,000 range. In the current 78643 market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. Being 456 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1940 construction puts this home 26 years older than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in 78643; a buyer's market based on recent absorption. Recent trends in 78643 show home values have fallen 60% since 6 months ago. The most comparable recent sale is 604 E Luce ST, Llano TX 78643, with an adjusted value of $117,213; 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