854 S Magnolia Ave, Luling TX 78648

My analysis of 7 comparable properties puts this home's estimated value at $215,507. Based on how the local market is moving, a list price between $154,000 and $164,000 would position this home well. Relative to what's currently available in SPENCER MORRIS, this home would be the 3rd most expensive of 5 comparable homes on the market. At 54 years older than typical comps, the 1940 build date influences the valuation. The larger lot (0.50 acres versus the area average of 0.34) contributes to the valuation. Right now, 5 similar properties are competing for buyers in SPENCER MORRIS, listed between $155,000 and $499,900. The 6 month price trend in 78648: fallen 15.2%. The best comp here is 212 WALNUT Ave, Luling TX 78648 at an adjusted value of $237,973, a strong comparable. With 7 comparable sales in SPENCER MORRIS, 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