162 PEACE PIPE, Smithville TX 78957

Based on 7 closed sales in INDIAN LAKE, the data points to a value around $220,375 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $86,000 to $96,000. This would position the home competitively among 2 active listings in INDIAN LAKE. At 477 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1994 (12 years older than comps) is factored into the value estimate. There are currently 2 similar homes on the market in INDIAN LAKE, ranging from $89,900 to $165,000. Market data shows 78957 prices risen 4.8% over the last half year. The closest comparable sale, 106 Pueblo, Smithville TX 78957 at an adjusted $355,481, is 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