2801 Fm 1715, Lampasas TX 76550

The estimated value of this property is $468,471, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $285,000 and $295,000. With 2 comparable homes on the market in 76550, this price positions the property as the most expensive of 2 comparable homes on the market. Built in 1997, this home is 20 years older than the average comp, which is reflected in the adjustments. The 7.55 acre lot (larger than the 2.99 acre average) is reflected in the estimate. Current inventory shows 2 comparable homes in 76550; a buyer's market based on recent absorption. Recent trends in 76550 show home values have fallen 2.4% since 6 months ago. The most comparable recent sale is 358 W County Road 3069, Lampasas TX 76550, with an adjusted value of $553,189; a strong comparable. 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