Taking into account 7 nearby comparable sales, this property's estimated value comes to $252,998. If we were to list this property today, I'd recommend a list price in the $104,000 to $114,000 range. This home's position in the current INDIAN LAKE market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. The 134 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2005 (9 years newer than comps) is factored into the value estimate. Right now, 3 similar properties are competing for buyers in INDIAN LAKE, listed between $100,000 and $333,000. The 6 month price trend in 78957: risen 4.8%. The best comp here is 106 Pueblo, Smithville TX 78957 at an adjusted value of $329,758, with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in INDIAN LAKE. 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