908 Tank ST, Lockhart TX 78644

My analysis of 7 comparable properties puts this home's estimated value at $183,112. Based on how the local market is moving, a list price between $245,000 and $246,000 would position this home well. Buyers shopping in LAMB & MOHLE right now would see this as a well positioned option among 4 comparable homes. At 46 years older than typical comps, the 1935 build date influences the valuation. The smaller lot (0.13 acres versus the area average of 0.24) contributes to the valuation. Current inventory shows 4 comparable homes in LAMB & MOHLE; a buyer's market based on recent absorption. The 6 month price trend in 78644: risen 2.7%. The best comp here is 418 Wichita ST, Lockhart TX 78644 at an adjusted value of $185,562, a strong comparable. With 7 comparable sales in LAMB & MOHLE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group