The market data from 7 similar recent sales in BYRNE points to a value of approximately $281,961. To sell within a reasonable timeframe at fair market value, the $350,000 to $364,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in BYRNE. Being 432 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 6 of 7 comparable sales didn't include one. The active market in BYRNE includes 7 comparable homes priced from $277,000 to $459,900. In 78957, home values have risen approximately 4.8% over the past 6 months. One of the strongest data points is 407 4th Ave, Smithville TX 78957, adjusting to $250,610; with a smaller floor plan. 7 comparable transactions in BYRNE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group