Reviewing the most recent comparable transactions, this home's market value falls around $438,895. For a well positioned listing in RAMMS, I'd target the $144,000 to $154,000 range. With 2 comparable homes on the market in RAMMS, this price positions the property as the most expensive of 2 comparable homes on the market. The 1997 construction puts this home 11 years newer than the comp average, a factor in the pricing. At 6.00 acres, the lot is smaller than the 6.40 acre comp average, which factors into pricing. Buyers in RAMMS have 2 comparable options right now, with asking prices between $180,000 and $249,999. Recent trends in 76527 show home values have risen 26.4% since 6 months ago. The most comparable recent sale is 635 Ramms DR, Florence TX 76527, with an adjusted value of $426,398; with a larger floor plan. 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