500 Wilkes ST, Smithville TX 78957

My analysis of 3 comparable properties puts this home's estimated value at $300,858. Based on how the local market is moving, a list price between $183,000 and $193,000 would position this home well. Relative to what's currently available in 78957, this home would be the 3rd most expensive of 7 comparable homes on the market. At 6 years newer than typical comps, the 1950 build date influences the valuation. The larger lot (0.32 acres versus the area average of 0.22) contributes to the valuation. Current inventory shows 7 comparable homes in 78957; a buyer's market based on recent absorption. The 6 month price trend in 78957: risen 4.2%. The best comp here is 202 PRIMA ST # A, Smithville TX 78957 at an adjusted value of $363,840, a strong comparable. With 3 comparable sales in 78957, 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