640 County Road 226, Florence TX 76527

Reviewing the most recent comparable transactions, this home's market value falls around $550,947. For a well positioned listing in WELLS, I'd target the $540,000 to $562,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in WELLS. The 2017 construction puts this home 18 years newer than the comp average, a factor in the pricing. At 14.99 acres, the lot is larger than the 4.14 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in WELLS, ranging from $168,000 to $725,000. Recent trends in 76527 show home values have risen 9.3% since 6 months ago. The most comparable recent sale is 2155 Highway 138, Florence TX 76527, with an adjusted value of $516,792; 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