118 Blackfoot, Smithville TX 78957

The market data from 7 similar recent sales in INDIAN LAKE points to a value of approximately $266,872. To sell within a reasonable timeframe at fair market value, the $106,000 to $116,000 range is where I'd position this. In the current INDIAN LAKE market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. This home's smaller footprint (207 sqft vs the comp average) plays a role in how the market prices it. The 1985 construction puts this home 19 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in INDIAN LAKE; a buyer's market based on recent absorption. In 78957, home values have risen approximately 4.8% over the past 6 months. One of the strongest data points is 159 Big Bow DR, Smithville TX 78957, adjusting to $158,682; with a smaller floor plan. 7 comparable transactions in INDIAN LAKE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group