416 W 5th ST, Lampasas TX 76550

After reviewing 7 recent transactions in 76550, I estimate this property's value at $272,195. A competitive list price for this home right now would fall in the $307,000 to $314,000 range. Relative to what's currently available in 76550, this home would be the most affordable of 7 comparable homes on the market. At 50 years older than typical comps, the 1950 build date influences the valuation. The smaller lot (0.23 acres versus the area average of 0.27) contributes to the valuation. Current inventory shows 7 comparable homes in 76550; a buyer's market based on recent absorption. Prices in 76550 have risen 6.3% over the last 6 months. A similar home at 802 W 1st ST, Lampasas TX 76550 carries an adjusted comparable value of $257,322, providing a strong data point. The comp data here (7 sales in 76550) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus