144 Branding Iron DR, Smithville TX 78957

The market data from 5 similar recent sales in LA REATA RANCH points to a value of approximately $873,405. To sell within a reasonable timeframe at fair market value, the $392,000 to $402,000 range is where I'd position this. With 3 comparable homes on the market in LA REATA RANCH, this price positions the property as the most expensive of 3 comparable homes on the market. The smaller floor plan (956 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 4 of 5 comparable sales didn't include one. 3 similar homes are currently available in LA REATA RANCH, creating a buyer's market for this price range. In 78957, home values have risen approximately 3% over the past 6 months. One of the strongest data points is 236 Pony Express DR, Smithville TX 78957, adjusting to $817,846; with a larger floor plan and no pool. The 5 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