504 Marburger ST, Smithville TX 78957

Reviewing the most recent comparable transactions, this home's market value falls around $277,715. For a well positioned listing in BYRNE, I'd target the $337,000 to $338,000 range. With 7 comparable homes on the market in BYRNE, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Being 104 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1975 construction puts this home 15 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in BYRNE; a buyer's market based on recent absorption. Recent trends in 78957 show home values have risen 4.8% since 6 months ago. The most comparable recent sale is 608 Wilkes ST, Smithville TX 78957, with an adjusted value of $260,795; with a smaller floor plan. 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