16 Alexander LN, Lampasas TX 76550

The market data from 4 similar recent sales in SOUTHERN OAKS points to a value of approximately $274,616. To sell within a reasonable timeframe at fair market value, the $326,000 to $363,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in SOUTHERN OAKS. The 1978 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.27 acres, the lot is smaller than the 0.32 acre comp average, which factors into pricing. With 7 similar homes currently listed in SOUTHERN OAKS (a balanced market), competition is a factor to consider. In SOUTHERN OAKS, home values have risen approximately 44.4% over the past 6 months. One of the strongest data points is 20 Snell DR, Lampasas TX 76550, adjusting to $248,565; with a smaller floor plan. The 4 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