560 W Austin ST, Luling TX 78648

After reviewing 7 recent transactions in 78648, I estimate this property's value at $221,819. A competitive list price for this home right now would fall in the $166,000 to $176,000 range. This would position the home competitively among 7 active listings in 78648. At 63 years older than typical comps, the 1943 build date influences the valuation. The larger lot (0.37 acres versus the area average of 0.22) contributes to the valuation. Current inventory shows 7 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 2202 STONES THROW LN, Luling TX 78648 carries an adjusted comparable value of $233,093, 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