205 W 5th ST, Lampasas TX 76550

My analysis of 7 comparable properties puts this home's estimated value at $231,633. Based on how the local market is moving, a list price between $424,000 and $438,000 would position this home well. Relative to what's currently available in 76550, this home would be the most affordable of 5 comparable homes on the market. The larger floor plan (1,536 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.21 acres versus the area average of 0.24) contributes to the valuation. With 5 similar homes currently listed in 76550 (a buyer's market), competition is a factor to consider. The 6 month price trend in 76550: fallen 3.2%. The best comp here is 205 S Porter ST, Lampasas TX 76550 at an adjusted value of $206,100, with a smaller floor plan. The comp data here (7 sales in 76550) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus