114 N Rio Grande ST, Lockhart TX 78644

The market data from 3 similar recent sales in 78644 points to a value of approximately $166,771. To sell within a reasonable timeframe at fair market value, the $181,000 to $215,000 range is where I'd position this. With 3 comparable homes on the market in 78644, this price positions the property as the most affordable of 3 comparable homes on the market. This home's smaller footprint (132 sqft vs the comp average) plays a role in how the market prices it. The 1975 construction puts this home 7 years older than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in 78644, listed between $175,000 and $285,000. In 78644, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 1407 Pendergrass ST, Lockhart TX 78644, adjusting to $167,278; a strong comparable. 3 comparable transactions in 78644 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