1400 NE Loop 230, Smithville TX 78957

Based on 3 closed sales in BYRNE, the data points to a value around $256,215 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $269,000 to $278,000. This would position the home competitively among 6 active listings in BYRNE. Being 302 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1954 (5 years newer than comps) is factored into the value estimate. 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, 800 Wilkes ST, Smithville TX 78957 at an adjusted $266,855, is with a larger floor plan. The strength of this estimate comes from 3 directly comparable sales in BYRNE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group