595 Old Lake RD, Smithville TX 78957

The market data from 7 similar recent sales in 78957 points to a value of approximately $287,459. To sell within a reasonable timeframe at fair market value, the $282,000 to $293,000 range is where I'd position this. In the current 78957 market with 1 similar homes available, this price represents below the only comparable home currently on the market. The 1984 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 1.50 acres, the lot is larger than the 0.47 acre comp average, which factors into pricing. With 1 similar homes currently listed in 78957 (a buyer's market), competition is a factor to consider. In 78957, home values have fallen approximately 2.5% over the past 6 months. One of the strongest data points is 1418 NE 7th ST, Smithville TX 78957, adjusting to $277,522; a strong comparable. 7 comparable transactions in 78957 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