CR 227, Florence TX 76527

After reviewing 7 recent transactions in 76527, I estimate this property's value at $331,409. A competitive list price for this home right now would fall in the $321,000 to $341,000 range. Relative to what's currently available in 76527, this home would be below the only comparable home currently on the market. At 18 years older than typical comps, the 1980 build date influences the valuation. The larger lot (71.00 acres versus the area average of 3.22) contributes to the valuation. Buyers in 76527 have 1 comparable options right now, with asking prices between $389,900 and $389,900. Prices in 76527 have fallen 31.4% over the last 6 months. A similar home at 103 Lackey, Florence TX 76527 carries an adjusted comparable value of $219,362, providing a strong data point. With 7 comparable sales in 76527, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group