7 recent sales in the surrounding area of this address suggest a current value of $352,451. My recommended list price range for this property would be $232,000 to $242,000. Against 3 similar active listings in INDIAN LAKE, this price point lands at the most expensive of 3 comparable homes on the market. Built in 1978, this home is 28 years older than the average comp, which is reflected in the adjustments. The 0.86 acre lot (larger than the 0.77 acre average) is reflected in the estimate. Buyers in INDIAN LAKE have 3 comparable options right now, with asking prices between $225,000 and $240,000. In INDIAN LAKE, home values have risen approximately 13.6% over the past 6 months. One of the strongest data points is 185 Peace Pipe, Smithville TX 78957, adjusting to $248,475; with a smaller floor plan. Based on 7 relevant data points in INDIAN LAKE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX