508 Vernon ST, Thrall TX 76578

My analysis of 7 comparable properties puts this home's estimated value at $322,832. Based on how the local market is moving, a list price between $356,000 and $453,000 would position this home well. Relative to what's currently available in OIL CITY, this home would be the 2nd least expensive of 4 comparable homes on the market. This home's larger footprint (427 sqft vs the comp average) plays a role in how the market prices it. At 27 years older than typical comps, the 1968 build date influences the valuation. Current inventory shows 4 comparable homes in OIL CITY; a buyer's market based on recent absorption. The 6 month price trend in 76578: risen 44.8%. The best comp here is 204 E Eckhart Ave, Thrall TX 76578 at an adjusted value of $356,404, with a larger floor plan. The comp data here (7 sales in OIL CITY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus