1201 E Davis, Luling TX 78648

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $242,150. I'd recommend coming to market at $299,000 to $328,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78648, this price positions the property as the most affordable of 7 comparable homes on the market. The 510 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1925, this home is 82 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in 78648, ranging from $249,500 to $354,900. The trend in 78648 shows prices have fallen 15.2% in the past 6 months. 295 Oak Creek CIR, Luling TX 78648 nearby adjusts to $186,497; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group