154 Cheyenne DR, Smithville TX 78957

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $197,979. To generate strong buyer interest while maximizing value, I'd price this between $125,000 and $135,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in LAKE THUNDERBIRD. The smaller floor plan (419 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1968 construction puts this home 6 years newer than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in LAKE THUNDERBIRD; a buyer's market based on recent absorption. The trend in 78957 shows prices have risen 2.7% in the past 6 months. 405 Mills ST, Smithville TX 78957 nearby adjusts to $188,593; a strong comparable. 7 comparable transactions in LAKE THUNDERBIRD 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