506 Mills ST, Smithville TX 78957

The market data from 7 similar recent sales in BURLESON points to a value of approximately $296,760. To sell within a reasonable timeframe at fair market value, the $351,000 to $356,000 range is where I'd position this. In the current BURLESON market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Being 108 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1952 construction puts this home 11 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in BURLESON; a buyer's market based on recent absorption. In BURLESON, home values have risen approximately 79.8% over the past 6 months. One of the strongest data points is 800 Wilkes ST, Smithville TX 78957, adjusting to $291,839; with a smaller floor plan. 7 comparable transactions in BURLESON 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