2215 TETON, Lampasas TX 76550

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $333,766. I'd recommend coming to market at $314,000 to $319,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 76550, this price point stands out as competitive. The smaller floor plan (116 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2010, this home is 15 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 76550; a buyer's market based on recent absorption. The trend in 76550 shows prices have fallen 21.5% in the past 6 months. 2205 Teton Ave, Lampasas TX 76550 nearby adjusts to $275,016; with a larger floor plan. 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