201 Shade ST, Smithville TX 78957

After reviewing 7 recent transactions in TOBIN, I estimate this property's value at $298,374. A competitive list price for this home right now would fall in the $63,000 to $73,000 range. This home's position in the current TOBIN market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. At 50 years newer than typical comps, the 2015 build date influences the valuation. The smaller lot (0.14 acres versus the area average of 0.89) contributes to the valuation. With 7 similar homes currently listed in TOBIN (a buyer's market), competition is a factor to consider. Prices in 78957 have risen 4.8% over the last 6 months. A similar home at 146 FM 2571 Highway, Smithville TX 78957 carries an adjusted comparable value of $241,088, providing a strong data point. With 7 comparable sales in TOBIN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group