1503 W 1st ST, Lampasas TX 76550

My analysis of 7 comparable properties puts this home's estimated value at $278,514. Based on how the local market is moving, a list price between $347,000 and $362,000 would position this home well. Relative to what's currently available in 76550, this home would be the most affordable of 7 comparable homes on the market. The smaller lot (0.23 acres versus the area average of 0.26) contributes to the valuation. Current inventory shows 7 comparable homes in 76550; a buyer's market based on recent absorption. The 6 month price trend in 76550: fallen 3.2%. The best comp here is 1304 W Avenue B, Lampasas TX 76550 at an adjusted value of $257,923, a strong comparable. With 7 comparable sales in 76550, 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