Reviewing the most recent comparable transactions, this home's market value falls around $438,976. For a well positioned listing in RAMMS, I'd target the $281,000 to $291,000 range. With 1 comparable homes on the market in RAMMS, this price positions the property as below the only comparable home currently 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 1 comparable options right now, with asking prices between $274,999 and $274,999. Recent trends in 76527 show home values have risen 4.4% since 6 months ago. The most comparable recent sale is 635 Ramms DR, Florence TX 76527, with an adjusted value of $426,524; 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