148 E Highway 71, Smithville TX 78957

Reviewing the most recent comparable transactions, this home's market value falls around $419,999. For a well positioned listing in LOMAS, I'd target the $269,000 to $279,000 range. In the current LOMAS market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The larger floor plan (416 sqft compared to the average comp) is a meaningful differentiator in this price range. At 3.72 acres, the lot is larger than the 1.04 acre comp average, which factors into pricing. The active market in LOMAS includes 3 comparable homes priced from $250,000 to $424,999. Recent trends in 78957 show home values have risen 4.2% since 6 months ago. The most comparable recent sale is 835 Jones ST, Smithville TX 78957, with an adjusted value of $379,985; a strong comparable. 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