The market data from 7 similar recent sales in 78957 points to a value of approximately $431,151. To sell within a reasonable timeframe at fair market value, the $361,000 to $371,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78957. At 642 sqft larger than the typical comp, the size difference factors into the valuation. The 2017 construction puts this home 19 years newer than the comp average, a factor in the pricing. The active market in 78957 includes 7 comparable homes priced from $324,990 to $945,000. In 78957, home values have risen approximately 2.2% over the past 6 months. One of the strongest data points is 705 Hudgins ST, Smithville TX 78957, adjusting to $622,272; with a larger floor plan. 7 comparable transactions in 78957 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
