515 Cherry Ave, Luling TX 78648

The comparable sales data (7 recent transactions in 78648) supports an estimated value of $280,867. The data suggests a list price between $162,000 and $172,000 would attract qualified buyers without leaving money on the table. This home's position in the current 78648 market: the most expensive of 3 comparable homes on the market among comparable properties. The 897 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2011 (27 years newer than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in 78648; a buyer's market based on recent absorption. Prices in 78648 have fallen 15.2% over the last 6 months. A similar home at 115 Sycamore ST, Luling TX 78648 carries an adjusted comparable value of $254,341, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in 78648. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group