902 Luanne LN, Lockhart TX 78644

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $176,636. I'd recommend coming to market at $147,000 to $157,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in CLUSTER OAKS. At 235 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1976, this home is 23 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in CLUSTER OAKS; a buyer's market based on recent absorption. The trend in 78644 shows prices have fallen 11.7% in the past 6 months. 905 Luann LN, Lockhart TX 78644 nearby adjusts to $115,343; a strong comparable. Based on 7 relevant data points in CLUSTER OAKS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX