825 S Magnolia Ave, Luling TX 78648

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $216,059. I'd recommend coming to market at $165,000 to $175,000 to strike the right balance between value and market velocity. In the current PARKVIEW market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 1946, this home is 45 years older than the average comp, which is reflected in the adjustments. The 0.30 acre lot (larger than the 0.23 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in PARKVIEW; a buyer's market based on recent absorption. The trend in 78648 shows prices have fallen 15.2% in the past 6 months. 212 Hillview DR, Luling TX 78648 nearby adjusts to $191,655; a strong comparable. Based on 7 relevant data points in PARKVIEW, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX