700 FM 970, Florence TX 76527

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $490,547. I'd recommend coming to market at $538,000 to $669,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 76527, this price point stands out as competitive. Being 316 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1.00 acre lot (smaller than the 5.09 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in 76527, ranging from $525,000 to $850,000. The trend in 76527 shows prices have fallen 40.9% in the past 6 months. 208 E Tomlinson ST, Florence TX 76527 nearby adjusts to $227,643; with a smaller 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