508 Alva 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 $212,863. I'd recommend coming to market at $206,000 to $219,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in OIL CITY. The smaller floor plan (251 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1950, this home is 47 years older than the average comp, which is reflected in the adjustments. 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 fallen 32.2% in the past 6 months. 201 W Eckhart Ave, Thrall TX 76578 nearby adjusts to $134,003; 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