1405 Cummings ST, Luling TX 78648

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $156,907. To generate strong buyer interest while maximizing value, I'd price this between $74,000 and $84,000. In the current C F REEVES market with 1 similar homes available, this price represents above the only comparable home currently on the market. The smaller floor plan (419 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1940 construction puts this home 44 years older than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in C F REEVES; a buyer's market based on recent absorption. The trend in 78648 shows prices have fallen 9.5% in the past 6 months. 4904 Fm 2984, Luling TX 78648 nearby adjusts to $190,865; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group