225 Blanco ST, Luling TX 78648

After reviewing 7 recent transactions in 78648, I estimate this property's value at $182,661. A competitive list price for this home right now would fall in the $151,000 to $161,000 range. This home's position in the current 78648 market: the 2nd least expensive of 5 comparable homes on the market among comparable properties. At 36 years older than typical comps, the 1955 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.32) contributes to the valuation. The active market in 78648 includes 5 comparable homes priced from $144,900 to $499,900. Prices in 78648 have fallen 15.2% over the last 6 months. A similar home at 212 WALNUT Ave, Luling TX 78648 carries an adjusted comparable value of $214,070, providing a strong data point. With 7 comparable sales in 78648, 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