340 Bar T DR, Florence TX 76527

The market data from 7 similar recent sales in 76527 points to a value of approximately $712,837. To sell within a reasonable timeframe at fair market value, the $485,000 to $495,000 range is where I'd position this. With 7 comparable homes on the market in 76527, this price positions the property as the most expensive of 7 comparable homes on the market. The 2016 construction puts this home 8 years older than the comp average, a factor in the pricing. At 10.04 acres, the lot is larger than the 0.40 acre comp average, which factors into pricing. With 7 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 2013 Tobiano TRCE, Georgetown TX 78633, adjusting to $612,815; 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