12110 W Fm 487, Florence TX 76527

The market data from 7 similar recent sales in 76527 points to a value of approximately $761,613. To sell within a reasonable timeframe at fair market value, the $939,000 to $948,000 range is where I'd position this. In the current 76527 market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. At 359 sqft larger than the typical comp, the size difference factors into the valuation. At 30.00 acres, the lot is larger than the 6.21 acre comp average, which factors into pricing. With 3 similar homes currently listed in 76527 (a buyer's market), competition is a factor to consider. In 76527, home values have fallen approximately 40.9% over the past 6 months. One of the strongest data points is 120 NW Strada Luca NW, Florence TX 76527, adjusting to $1,006,925; a strong comparable. 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