405 Neill ST, Thrall TX 76578

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $215,628. I'd recommend coming to market at $229,000 to $299,000 to strike the right balance between value and market velocity. In the current OIL CITY market with 0 similar homes available, this price represents no active comparable homes on the market. At 547 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1960, this home is 37 years older than the average comp, which is reflected in the adjustments. The trend in 76578 shows prices have fallen 37.7% in the past 6 months. 506 S Main ST, Thrall TX 76578 nearby adjusts to $208,171; a strong comparable. Based on 7 relevant data points in OIL CITY, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX