408 S Park ST, Lampasas TX 76550

Reviewing the most recent comparable transactions, this home's market value falls around $418,730. For a well positioned listing in 76550, I'd target the $406,000 to $431,000 range. With 1 comparable homes on the market in 76550, this price positions the property as below the only comparable home currently on the market. At 1,880 sqft larger than the typical comp, the size difference factors into the valuation. The 1917 construction puts this home 37 years older than the comp average, a factor in the pricing. There are currently 1 similar homes on the market in 76550, ranging from $875,000 to $875,000. Recent trends in 76550 show home values have fallen 3.2% since 6 months ago. The most comparable recent sale is 208 W 5th ST, Lampasas TX 76550, with an adjusted value of $352,660; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group