148 E Highway 71, Smithville TX 78957

Reviewing the most recent comparable transactions, this home's market value falls around $438,407. For a well positioned listing in LOMAS, I'd target the $519,000 to $560,000 range. In the current LOMAS market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The larger floor plan (556 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1979 construction puts this home 16 years newer than the comp average, a factor in the pricing. The active market in LOMAS includes 4 comparable homes priced from $389,999 to $699,000. Recent trends in 78957 show home values have risen 4.8% since 6 months ago. The most comparable recent sale is 503 Colorado ST, Smithville TX 78957, with an adjusted value of $559,838; with a smaller floor plan. 7 comparable transactions in LOMAS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group