1451 Highway 138, Florence TX 76527

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $489,873. I'd recommend coming to market at $705,000 to $735,000 to strike the right balance between value and market velocity. Against 4 similar active listings in 76527, this price point lands at the most affordable of 4 comparable homes on the market. The larger floor plan (663 sqft compared to the average comp) is a meaningful differentiator in this price range. The 4.42 acre lot (larger than the 3.88 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in 76527; a buyer's market based on recent absorption. The trend in 76527 shows prices have fallen 27.8% in the past 6 months. 1900 County Road 226, Florence TX 76527 nearby adjusts to $488,030; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group