837 S Magnolia Ave, Luling TX 78648

Reviewing the most recent comparable transactions, this home's market value falls around $187,286. For a well positioned listing in PARKVIEW, I'd target the $218,000 to $224,000 range. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in PARKVIEW. The 1950 construction puts this home 32 years older than the comp average, a factor in the pricing. At 0.22 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in PARKVIEW, listed between $155,000 and $499,900. Recent trends in 78648 show home values have fallen 15.2% since 6 months ago. The most comparable recent sale is 212 WALNUT Ave, Luling TX 78648, with an adjusted value of $232,418; 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