493 Old Lake RD, Smithville TX 78957

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $342,520. To generate strong buyer interest while maximizing value, I'd price this between $204,000 and $214,000. With 7 comparable homes on the market in LOMAS, this price positions the property as the most expensive of 7 comparable homes on the market. The 152 sqft size difference versus comparable sales is reflected in the adjusted values. The 2003 construction puts this home 20 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in LOMAS, listed between $225,900 and $344,872. The trend in LOMAS shows prices have fallen 25.8% in the past 6 months. 307 String Prairie WAY, Smithville TX 78957 nearby adjusts to $317,549; a strong comparable. 7 comparable transactions in LOMAS 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