824 S Laurel Ave, Luling TX 78648

Reviewing the most recent comparable transactions, this home's market value falls around $200,426. For a well positioned listing in JOHN G FIRST TOWNS, I'd target the $148,000 to $158,000 range. Against 3 similar active listings in JOHN G FIRST TOWNS, this price point lands at the most expensive of 3 comparable homes on the market. At 750 sqft smaller than the typical comp, the size difference factors into the valuation. The 1935 construction puts this home 21 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in JOHN G FIRST TOWNS; a buyer's market based on recent absorption. Recent trends in 78648 show home values have fallen 15.2% since 6 months ago. The most comparable recent sale is 115 Sycamore ST, Luling TX 78648, with an adjusted value of $173,005; a strong comparable. 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