After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $260,713. Pricing this home between $303,000 and $304,000 would put it in the competitive sweet spot for BYRNE. This home's position in the current BYRNE market: the most affordable of 6 comparable homes on the market among comparable properties. At 12 years newer than typical comps, the 1998 build date influences the valuation. The smaller lot (0.15 acres versus the area average of 0.26) contributes to the valuation. Current inventory shows 6 comparable homes in BYRNE; a buyer's market based on recent absorption. Market data shows BYRNE prices fallen 4.6% over the last half year. The closest comparable sale, 608 Wilkes ST, Smithville TX 78957 at an adjusted $240,933, is a strong comparable. With 7 comparable sales in BYRNE, 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