[quote=aldante] . . . And I am from Texas. While I am nowhere the expert on home prices as SDRealtor, homes out there are not as uniform as out here. I would question zillow. . . [/quote]
Agree, aldante. The culture of semi-rural and rural TX is that families buy land and then build on it later. Sometimes they subdivide it for other family members and build on it MUCH later. They build whatever they need and can afford and often bring in their own utilities. If, in the interim, a grain Co-op went in next door, or three “Habitat for Humanity” houses were built in the immediate vicinity, so be it. This will not change the future building plans of the longtime owners.
In this case, the $125K and $137K sold comps (1700-1800 sf) were built LONG BEFORE RP’s house was built. We don’t know how long RP owned the land before completing construction on this house in approx 1969.
It’s not uncommon at all to see an estate-quality home on several acres there with much lesser properties in the same area or even on the same street! These “lesser properties” really have no bearing on what a buyer there will pay for an estate property which has everything they want, and, more importantly has the location that buyer is seeking. TX locals in rural/semi-rural areas are not as “hung up” on surrounding area as CA suburban/exurban and even (semi) rural dwellers are. Their main concern is proximity to other land they own (often leased out for ranching and/or drilling purposes) and their relatives and businesses.
This is a bit of a difficult concept to get across to the crowd on this forum, lol ….
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And it makes no diff how RP chooses to market it. If he is truly FSBO, then naturally, if buyers think his price is too high (because he has no commission to pay) they will adjust their offers accordingly. A large proportion of buyers in TX looking for this size house in this type of setting are “intimately-familiar” locals who will pay all cash.
Metaphorically speaking, the phrase, “Never judge a book (or area) by its cover (or surroundings),” doubly applies to TX (and OK) residents AND their RE :=]
