2114 Teton, Lampasas TX 76550

After reviewing 3 recent transactions in 76550, I estimate this property's value at $305,297. A competitive list price for this home right now would fall in the $296,000 to $314,000 range. This pricing would rank the home as the 2nd least expensive of 6 comparable homes on the market in 76550's current inventory. The larger lot (0.25 acres versus the area average of 0.22) contributes to the valuation. Current inventory shows 6 comparable homes in 76550; a buyer's market based on recent absorption. Prices in 76550 have fallen 21.5% over the last 6 months. A similar home at 1903 Yellowstone DR, Lampasas TX 76550 carries an adjusted comparable value of $337,751, providing a strong data point. With 3 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