1114 W 3rd ST, Lampasas TX 76550

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $409,585. I'd recommend coming to market at $476,000 to $554,000 to strike the right balance between value and market velocity. Against 5 similar active listings in 76550, this price point lands at the 2nd least expensive of 5 comparable homes on the market. At 836 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1942, this home is 19 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in 76550; a buyer's market based on recent absorption. The trend in 76550 shows prices have fallen 3.2% in the past 6 months. 1307 Nix RD, Lampasas TX 76550 nearby adjusts to $475,682; with a pool. 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