1017 Spruce ST, Lockhart TX 78644

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $265,503. I'd recommend coming to market at $334,000 to $338,000 to strike the right balance between value and market velocity. Against 7 similar active listings in MRS M M BLANKS, this price point lands at the most affordable of 7 comparable homes on the market. Built in 1959, this home is 40 years older than the average comp, which is reflected in the adjustments. The 0.35 acre lot (larger than the 0.20 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in MRS M M BLANKS; a buyer's market based on recent absorption. The trend in 78644 shows prices have fallen 6% in the past 6 months. 1017 Spruce ST, Lockhart TX 78644 nearby adjusts to $261,188; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group