447 BUGTUSSLE, Luling TX 78648

The market data from 3 similar recent sales in 78648 points to a value of approximately $375,495. To sell within a reasonable timeframe at fair market value, the $270,000 to $280,000 range is where I'd position this. In the current 78648 market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. The smaller floor plan (512 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2001 construction puts this home 11 years older than the comp average, a factor in the pricing. The active market in 78648 includes 2 comparable homes priced from $280,000 to $350,000. In 78648, home values have fallen approximately 15.2% over the past 6 months. One of the strongest data points is 1359 Acorn RD, Lockhart TX 78644, adjusting to $287,045; a strong comparable. 3 comparable transactions in 78648 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group