The estimated value of this property is $270,958, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $228,000 and $238,000. In the current SMITHVILLE TOWNSITE market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Built in 2006, this home is 32 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in SMITHVILLE TOWNSITE; a buyer's market based on recent absorption. Recent trends in SMITHVILLE TOWNSITE show home values have fallen 35.4% since 6 months ago. The most comparable recent sale is 300 Walker ST, Smithville TX 78957, with an adjusted value of $171,058; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group