408 W 2nd ST, Lampasas TX 76550

The market data from 7 similar recent sales in 76550 points to a value of approximately $207,430. To sell within a reasonable timeframe at fair market value, the $285,000 to $290,000 range is where I'd position this. At this price, the property would be the most affordable of 6 comparable homes on the market comparable homes currently on the market in 76550. The 1929 construction puts this home 47 years older than the comp average, a factor in the pricing. At 0.21 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in 76550, listed between $215,000 and $398,000. In 76550, home values have fallen approximately 3.2% over the past 6 months. One of the strongest data points is 1047 Fieldstone DR, Lampasas TX 76550, adjusting to $277,355; a strong comparable. 7 comparable transactions in 76550 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group