1133 Spruce ST, Lockhart TX 78644

Reviewing the most recent comparable transactions, this home's market value falls around $405,089. For a well positioned listing in MRS M M BLANKS, I'd target the $257,000 to $267,000 range. With 7 comparable homes on the market in MRS M M BLANKS, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. At 606 sqft larger than the typical comp, the size difference factors into the valuation. The 1949 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in MRS M M BLANKS; a buyer's market based on recent absorption. Recent trends in 78644 show home values have fallen 6% since 6 months ago. The most comparable recent sale is 1006 MAPLE ST, Lockhart TX 78644, with an adjusted value of $371,690; a strong comparable. 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