572 Bugtussle LN, Luling TX 78648

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $347,502. I'd recommend coming to market at $277,000 to $287,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 78648, this price positions the property as the most expensive of 3 comparable homes on the market. Being 451 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1991, this home is 21 years older than the average comp, which is reflected in the adjustments. 3 similar homes are currently available in 78648, creating a buyer's market for this price range. The trend in 78648 shows prices have fallen 15.2% in the past 6 months. 1359 Acorn RD, Lockhart TX 78644 nearby adjusts to $285,203; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group