216 N Mulberry ST, Luling TX 78648

Reviewing the most recent comparable transactions, this home's market value falls around $262,447. For a well positioned listing in 78648, I'd target the $311,000 to $319,000 range. With 7 comparable homes on the market in 78648, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The larger floor plan (195 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1949 construction puts this home 36 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78648 (a buyer's market), competition is a factor to consider. Recent trends in 78648 show home values have fallen 15.2% since 6 months ago. The most comparable recent sale is 312 Holly Ave, Luling TX 78648, with an adjusted value of $285,930; with a smaller 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