207 Cheyenne DR, Smithville TX 78957

The market data from 7 similar recent sales in 78957 points to a value of approximately $217,340. To sell within a reasonable timeframe at fair market value, the $155,000 to $165,000 range is where I'd position this. With 6 comparable homes on the market in 78957, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. This home's larger footprint (206 sqft vs the comp average) plays a role in how the market prices it. The 1978 construction puts this home 14 years older than the comp average, a factor in the pricing. The active market in 78957 includes 6 comparable homes priced from $175,000 to $350,000. In 78957, home values have risen approximately 4.8% over the past 6 months. One of the strongest data points is 127 Chippewa TRL, Smithville TX 78957, adjusting to $170,381; 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