307 SW Martin Luther King RD, Smithville TX 78957

After reviewing 7 recent transactions in SMITHVILLE TOWNSITE, I estimate this property's value at $208,578. A competitive list price for this home right now would fall in the $89,000 to $99,000 range. Relative to what's currently available in SMITHVILLE TOWNSITE, this home would be the 3rd least expensive of 7 comparable homes on the market. The smaller floor plan (221 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 7 similar properties are competing for buyers in SMITHVILLE TOWNSITE, listed between $99,000 and $299,900. Prices in SMITHVILLE TOWNSITE have fallen 35.4% over the last 6 months. A similar home at 304 Washington ST, Smithville TX 78957 carries an adjusted comparable value of $152,855, providing a strong data point. With 7 comparable sales in SMITHVILLE TOWNSITE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group