950 County Road 226, Florence TX 76527

The market data from 7 similar recent sales in WELLS M J SUR points to a value of approximately $301,563. To sell within a reasonable timeframe at fair market value, the $145,000 to $155,000 range is where I'd position this. 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 M J SUR. The 1945 construction puts this home 37 years older than the comp average, a factor in the pricing. At 8.00 acres, the lot is larger than the 2.74 acre comp average, which factors into pricing. With 7 similar homes currently listed in WELLS M J SUR (a buyer's market), competition is a factor to consider. In 76527, home values have risen approximately 9.3% over the past 6 months. One of the strongest data points is 815 County Road 226, Florence TX 76527, adjusting to $357,272; a strong comparable. 7 comparable transactions in WELLS M J SUR support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group