508 S Main ST, Thrall TX 76578

My analysis of 7 comparable properties puts this home's estimated value at $312,086. Based on how the local market is moving, a list price between $362,000 and $365,000 would position this home well. This home's position in the current OIL CITY market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 23 years older than typical comps, the 1975 build date influences the valuation. The smaller lot (0.29 acres versus the area average of 0.64) contributes to the valuation. 3 similar homes are currently available in OIL CITY, creating a buyer's market for this price range. The 6 month price trend in 76578: risen 17.7%. The best comp here is 409 Lydia LN, Thrall TX 76578 at an adjusted value of $268,083, a strong comparable. With 7 comparable sales in OIL CITY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group