505 S Guadalupe ST, Lockhart TX 78644

Based on 7 closed sales in E B FLOWERS, the data points to a value around $444,758 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $299,000 to $309,000. Buyers shopping in E B FLOWERS right now would see this as a well positioned option among 5 comparable homes. Being 561 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 1930 (32 years older than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in E B FLOWERS; a buyer's market based on recent absorption. Market data shows 78644 prices fallen 9.1% over the last half year. The closest comparable sale, 1006 MAPLE ST, Lockhart TX 78644 at an adjusted $392,751, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in E B FLOWERS. 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