503 Ramona ST, Smithville TX 78957

Reviewing the most recent comparable transactions, this home's market value falls around $292,040. For a well positioned listing in BURLESON, I'd target the $229,000 to $239,000 range. In the current BURLESON market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (303 sqft vs the comp average) plays a role in how the market prices it. The 1887 construction puts this home 86 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in BURLESON (a buyer's market), competition is a factor to consider. Recent trends in BURLESON show home values have risen 1.8% since 6 months ago. The most comparable recent sale is 302 Hill ST, Smithville TX 78957, with an adjusted value of $330,356; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group