1014 S Commerce ST, Lockhart TX 78644

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $224,962. To generate strong buyer interest while maximizing value, I'd price this between $98,000 and $108,000. In the current SOUTH market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 1939 construction puts this home 44 years older than the comp average, a factor in the pricing. At 0.29 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SOUTH; a buyer's market based on recent absorption. The trend in 78644 shows prices have fallen 6% in the past 6 months. 68 Trinity CIR, Lockhart TX 78644 nearby adjusts to $217,800; a strong comparable. 7 comparable transactions in SOUTH 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