1103 Johnson ST, Lockhart TX 78644

The estimated value of this property is $219,824, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $165,000 and $175,000. Against 3 similar active listings in BYRD LOCKHART, this price point lands at the most expensive of 3 comparable homes on the market. At 722 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1985, this home is 7 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in BYRD LOCKHART; a buyer's market based on recent absorption. Recent trends in 78644 show home values have fallen 6.8% since 6 months ago. The most comparable recent sale is 905 Luann LN, Lockhart TX 78644, with an adjusted value of $100,730; with a larger floor plan. 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