107 Tejas, Smithville TX 78957

Based on 7 closed sales in INDIAN LAKE, the data points to a value around $302,020 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $164,000 to $174,000. Relative to what's currently available in INDIAN LAKE, this home would be the most expensive of 4 comparable homes on the market. The 165 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2001 (10 years newer than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in INDIAN LAKE; a buyer's market based on recent absorption. Market data shows 78957 prices risen 4.8% over the last half year. The closest comparable sale, 106 Pueblo, Smithville TX 78957 at an adjusted $375,767, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in INDIAN LAKE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group