207 Cheyenne DR, Smithville TX 78957

The market data from 7 similar recent sales in 78957 points to a value of approximately $279,256. To sell within a reasonable timeframe at fair market value, the $167,000 to $177,000 range is where I'd position this. With 5 comparable homes on the market in 78957, this price positions the property as the most expensive of 5 comparable homes on the market. The 1978 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.22 acres, the lot is smaller than the 0.27 acre comp average, which factors into pricing. The active market in 78957 includes 5 comparable homes priced from $159,990 to $350,000. In 78957, home values have risen approximately 4.2% over the past 6 months. One of the strongest data points is 1408 NE 8th ST, Smithville TX 78957, adjusting to $221,648; 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