507 East 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 $244,377. I'd recommend coming to market at $237,000 to $252,000 to strike the right balance between value and market velocity. In the current OIL CITY market with 1 similar homes available, this price represents below the only comparable home currently on the market. Built in 1940, this home is 57 years older than the average comp, which is reflected in the adjustments. The 0.21 acre lot (smaller than the 0.93 acre average) is reflected in the estimate. With 1 similar homes currently listed in OIL CITY (a buyer's market), competition is a factor to consider. The trend in 76578 shows prices have risen 0.1% in the past 6 months. 309 Cotton CIR, Thrall TX 76578 nearby adjusts to $262,485; 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