406 W 5th ST, Lampasas TX 76550

After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $263,982. Pricing this home between $314,000 and $352,000 would put it in the competitive sweet spot for PARK. This home's position in the current PARK market: the most affordable of 7 comparable homes on the market among comparable properties. At 129 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.42 acres versus the area average of 0.37) contributes to the valuation. The active market in PARK includes 7 comparable homes priced from $275,000 to $399,000. Market data shows 76550 prices risen 10.6% over the last half year. The closest comparable sale, 802 W 1st ST, Lampasas TX 76550 at an adjusted $267,300, is with a smaller floor plan. With 3 comparable sales in PARK, 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