570 FM 970, Florence TX 76527

Based on 7 closed sales in 76527, the data points to a value around $400,624 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $482,000 to $489,000. This pricing would rank the home as the most affordable of 3 comparable homes on the market in 76527's current inventory. This home's larger footprint (287 sqft vs the comp average) plays a role in how the market prices it. Being built in 1974 (25 years older than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in 76527; a buyer's market based on recent absorption. Market data shows 76527 prices fallen 40.9% over the last half year. The closest comparable sale, 208 E Tomlinson ST, Florence TX 76527 at an adjusted $198,735, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 76527. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group