11300 W Fm 487, Florence TX 76527

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $784,130. To generate strong buyer interest while maximizing value, I'd price this between $615,000 and $625,000. Among the similar homes currently available in 76527, this price point stands out as competitive. Being 190 sqft larger than the average comparable sale in this area impacts the per square foot value. At 11.90 acres, the lot is larger than the 6.82 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in 76527, listed between $525,000 and $999,999. The trend in 76527 shows prices have fallen 40.9% in the past 6 months. 120 NW Strada Luca NW, Florence TX 76527 nearby adjusts to $1,003,998; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group