185 Pony Express DR, Smithville TX 78957

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,107,996. To generate strong buyer interest while maximizing value, I'd price this between $670,000 and $680,000. In the current LA REATA RANCH market with 1 similar homes available, this price represents below the only comparable home currently on the market. The larger floor plan (425 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 4 of 5 comparable sales didn't include one. Current inventory shows 1 comparable homes in LA REATA RANCH; a buyer's market based on recent absorption. The trend in 78957 shows prices have risen 4.2% in the past 6 months. 387 Corral RD, Smithville TX 78957 nearby adjusts to $1,222,293; a strong comparable. 5 comparable transactions in LA REATA RANCH 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