1318 Torres ST, Lockhart TX 78644

Reviewing the most recent comparable transactions, this home's market value falls around $260,969. For a well positioned listing in ELLISONDIVISION, I'd target the $102,000 to $112,000 range. With 7 comparable homes on the market in ELLISONDIVISION, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 2022 construction puts this home 38 years newer than the comp average, a factor in the pricing. At 0.32 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. With 7 similar homes currently listed in ELLISONDIVISION (a buyer's market), competition is a factor to consider. Recent trends in 78644 show home values have fallen 6% since 6 months ago. The most comparable recent sale is 68 Trinity CIR, Lockhart TX 78644, with an adjusted value of $245,218; a strong comparable. 7 comparable transactions in ELLISONDIVISION 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