500 N Patterson Ave, Florence TX 76527

Florence, TX 76527 | Patterson C | Built by Jim Walter Homes

Off Market

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Ed's Opinion of Value

$132,817 Ed's Estimate: $212,823 $599,900

Lowest Comp Recommended List: $206,000 to $219,000 Highest Comp

The estimated value of this property is $212,823, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $206,000 and $219,000. With 1 comparable homes on the market in PATTERSON C, this price positions the property as below the only comparable home currently on the market. Being 485 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1955, this home is 7 years older than the average comp, which is reflected in the adjustments. Right now, 1 similar properties are competing for buyers in PATTERSON C, listed between $599,900 and $599,900. Recent trends in 76527 show home values have fallen 37.7% since 6 months ago. The most comparable recent sale is 103 W Tomlinson ST, Florence TX 76527, with an adjusted value of $263,491; with a larger 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

76527 Market Trends

$480,000 Median Sold Price ▼ 37.7% 6mo

$262/sqft Median $/SqFt ▼ 18.6% 6mo

61 days Avg Days on Market 94 days faster

28 homes Active Inventory 8.4 mo supply

96.5% Sale-to-List Ratio

20 Sales (6 months)

Recently Sold Comparables

$263,491 adjusted 103 W Tomlinson ST, Florence TX 76527 3bd / 2.0ba • 1,545 sqft • 0.1 mi Sold 1 months ago

$232,357 adjusted 202 Brewster Ave, Florence TX 76527 2bd / 1.0ba • 907 sqft • 0.5 mi Sold 5 months ago

$132,817 adjusted 101 Hunters PT, Florence TX 76527 3bd / 1.0ba • 1,366 sqft • 0.6 mi Sold 6 months ago

$295,012 adjusted 51 Private Road 901, Florence TX 76527 3bd / 2.0ba • 1,250 sqft • 2.1 mi Sold 1 months ago

$165,583 adjusted 200 College Ave, Florence TX 76527 2bd / 1.0ba • 1,476 sqft • 0.2 mi Sold 22 days ago

Currently on Market

$599,900 111 Chris LN, Florence TX 76527 2bd / 3.0ba • 1,004 sqft • 1.5 mi 876 days on market

0 Beds

0 Baths

918 Sq Ft

0.61 Acres

1955 Built

About This Property

House is on a nice size corner lot on the main drive, North of the Old Downtown area. It is 0.61 Acres. Lot is zoned for C1, Neighborhood Commercial, if you wanted to operate a business there. The Zoning Ordinance and Zoning Map are in the Documents section of the MLS Listing. House was used as a rental property and is being sold in "As Is" condition. The garage was converted into a main bedroom and separate utility room. The owners said the house was re-roofed and treated for termites 2-3 years ago. Updated elect. There are all kinds of possibilities here if you need a Commercial application use instead of a residential use, ie; restaurant, medical office, store, etc. Main part of house is on a pier and beam foundation if you wanted to have it moved off, if you decided not to use it in a Commercial application. There are several oak tress on the property too. There is no survey available. Buyer to provide one if needed. Buyer to verify any Commercial uses with the City of Florence.

Location

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Property Details

Property Type Commercial Sale

Flooring Concrete, Laminate, Linoleum, Wood

Cooling Ceiling Fan(s)

Heating Space Heater

County Williamson

MLS # 7810273

Tax Information

Annual Taxes (MLS) $2,777 (2022)

Listing History

MLS# 7810273 109 days

Feb 28, 2023	Off Market
Jan 5, 2023	Price Change	$200,000
Oct 20, 2022	Listed	$250,000

Frequently Asked Questions About 500 N Patterson Ave, Florence TX 76527

When was 500 N Patterson Ave, Florence TX 76527 built?

500 N Patterson Ave, Florence TX 76527 was built in 1955.

How much does 500 N Patterson Ave, Florence TX 76527 cost?

500 N Patterson Ave, Florence TX 76527 sold on February 28, 2023. Contact us for sale price details.

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