339 Casen ST, Lockhart TX 78616

Based on 5 closed sales in TUMBLEWEED ESTATES, the data points to a value around $378,681 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $428,000 to $552,000. Relative to what's currently available in TUMBLEWEED ESTATES, this home would be below the only comparable home currently on the market. This home's smaller footprint (253 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 1.42 acres versus 4.87 for the typical comp. Current inventory shows 1 comparable homes in TUMBLEWEED ESTATES; a buyer's market based on recent absorption. Market data shows 78616 prices fallen 11% over the last half year. The closest comparable sale, 123 Casen ST, Dale TX 78616 at an adjusted $356,315, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in TUMBLEWEED ESTATES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group