502 W Avenue A, Lampasas TX 76550

The market data from 7 similar recent sales in 76550 points to a value of approximately $261,846. To sell within a reasonable timeframe at fair market value, the $389,000 to $393,000 range is where I'd position this. With 6 comparable homes on the market in 76550, this price positions the property as the most affordable of 6 comparable homes on the market. This home's larger footprint (1,079 sqft vs the comp average) plays a role in how the market prices it. The 1950 construction puts this home 47 years older than the comp average, a factor in the pricing. With 6 similar homes currently listed in 76550 (a buyer's market), competition is a factor to consider. In 76550, home values have risen approximately 33% over the past 6 months. One of the strongest data points is 404 W Avenue B, Lampasas TX 76550, adjusting to $196,000; with a smaller floor plan. 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