The comparable sales data (7 recent transactions in BURLESON) supports an estimated value of $322,532. The data suggests a list price between $273,000 and $283,000 would attract qualified buyers without leaving money on the table. Buyers shopping in BURLESON right now would see this as a well positioned option among 2 comparable homes. This home's larger footprint (2,539 sqft vs the comp average) plays a role in how the market prices it. Being built in 1927 (27 years older than comps) is factored into the value estimate. Right now, 2 similar properties are competing for buyers in BURLESON, listed between $350,000 and $1,750,000. Prices in BURLESON have risen 31.5% over the last 6 months. A similar home at 602 Short ST, Smithville TX 78957 carries an adjusted comparable value of $291,043, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus