307 Colorado ST, Smithville TX 78957

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $522,894. I'd recommend coming to market at $861,000 to $901,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in RIVERSIDE PARK, this price positions the property as the most affordable of 3 comparable homes on the market. At 1,467 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1962, this home is 16 years older than the average comp, which is reflected in the adjustments. 3 similar homes are currently available in RIVERSIDE PARK, creating a buyer's market for this price range. The trend in 78957 shows prices have risen 4.8% in the past 6 months. 705 Gresham ST, Smithville TX 78957 nearby adjusts to $372,625; with a smaller floor plan. 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