201 Bishop ST, Smithville TX 78957

The market data from 7 similar recent sales in BURLESON points to a value of approximately $436,045. To sell within a reasonable timeframe at fair market value, the $246,000 to $256,000 range is where I'd position this. With 3 comparable homes on the market in BURLESON, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (776 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2008 construction puts this home 36 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in BURLESON; a buyer's market based on recent absorption. In BURLESON, home values have risen approximately 79.8% over the past 6 months. One of the strongest data points is 705 Hudgins ST, Smithville TX 78957, adjusting to $565,983; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group