16454 FM 112, Thrall TX 76578

The market data from 3 similar recent sales in 76578 points to a value of approximately $457,367. To sell within a reasonable timeframe at fair market value, the $444,000 to $471,000 range is where I'd position this. Against 1 similar active listings in 76578, this price point lands at below the only comparable home currently on the market. This home's smaller footprint (497 sqft vs the comp average) plays a role in how the market prices it. At 54.29 acres, the lot is larger than the 7.86 acre comp average, which factors into pricing. 1 similar homes are currently available in 76578, creating a buyer's market for this price range. In 76578, home values have risen approximately 17.7% over the past 6 months. One of the strongest data points is 13050 FM 112, Thrall TX 76578, adjusting to $530,897; with a larger floor plan. 3 comparable transactions in 76578 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