425 Mercy Ranch RD, Florence TX 76527

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $563,125. To generate strong buyer interest while maximizing value, I'd price this between $608,000 and $713,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 76527. The 2007 construction puts this home 11 years newer than the comp average, a factor in the pricing. At 10.09 acres, the lot is larger than the 8.97 acre comp average, which factors into pricing. 1 similar homes are currently available in 76527, creating a buyer's market for this price range. The trend in 76527 shows prices have risen 9.4% in the past 6 months. 601 Seven Ranch RD, Salado TX 76571 nearby adjusts to $529,244; a strong comparable. 6 comparable transactions in 76527 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group