693 Old Lake RD, Smithville TX 78957

Reviewing the most recent comparable transactions, this home's market value falls around $360,174. For a well positioned listing in LOMAS, I'd target the $281,000 to $291,000 range. Against 7 similar active listings in LOMAS, this price point lands at the 3rd most expensive of 7 comparable homes on the market. At 4.20 acres, the lot is larger than the 0.38 acre comp average, which factors into pricing. Buyers in LOMAS have 7 comparable options right now, with asking prices between $277,000 and $379,500. Recent trends in 78957 show home values have risen 4.8% since 6 months ago. The most comparable recent sale is 707 Bishop ST, Smithville TX 78957, with an adjusted value of $439,458; 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