515 S Walnut Ave, Luling TX 78648

Reviewing the most recent comparable transactions, this home's market value falls around $257,449. For a well positioned listing in JOSEYS SOUTH, I'd target the $217,000 to $227,000 range. Against 7 similar active listings in JOSEYS SOUTH, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (101 sqft vs the comp average) plays a role in how the market prices it. At 0.41 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in JOSEYS SOUTH, listed between $199,000 and $499,900. Recent trends in 78648 show home values have fallen 2.3% since 6 months ago. The most comparable recent sale is 208 S Mulberry Ave, Luling TX 78648, with an adjusted value of $267,553; 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