Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $161,785. To generate strong buyer interest while maximizing value, I'd price this between $86,000 and $96,000. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in INDIAN LAKE. The 253 sqft size difference versus comparable sales is reflected in the adjusted values. The 1970 construction puts this home 36 years older than the comp average, a factor in the pricing. The active market in INDIAN LAKE includes 3 comparable homes priced from $100,000 to $333,000. The trend in 78957 shows prices have risen 4.8% in the past 6 months. 167 Deer RUN, Smithville TX 78957 nearby adjusts to $213,554; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group