640 County Road 226, Florence TX 76527

The market data from 7 similar recent sales in WELLS points to a value of approximately $544,503. To sell within a reasonable timeframe at fair market value, the $534,000 to $555,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in WELLS. The 2017 construction puts this home 22 years newer than the comp average, a factor in the pricing. At 14.99 acres, the lot is larger than the 4.15 acre comp average, which factors into pricing. The active market in WELLS includes 7 comparable homes priced from $179,000 to $699,000. In 76527, home values have risen approximately 9.4% over the past 6 months. One of the strongest data points is 2155 Highway 138, Florence TX 76527, adjusting to $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