The comparable sales data (7 recent transactions in BURLESON) supports an estimated value of $386,985. The data suggests a list price between $262,000 and $272,000 would attract qualified buyers without leaving money on the table. Buyers shopping in BURLESON right now would see this as a well positioned option among 3 comparable homes. This home's larger footprint (524 sqft vs the comp average) plays a role in how the market prices it. Being built in 1931 (36 years older than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in BURLESON; a buyer's market based on recent absorption. Prices in BURLESON have risen 1.8% over the last 6 months. A similar home at 600 Short ST, Smithville TX 78957 carries an adjusted comparable value of $459,385, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus