505 N Ridge ST, Lampasas TX 76550

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $167,358. To generate strong buyer interest while maximizing value, I'd price this between $126,000 and $136,000. Among the similar homes currently available in 76550, this price point stands out as competitive. The 355 sqft size difference versus comparable sales is reflected in the adjusted values. The 1925 construction puts this home 21 years older than the comp average, a factor in the pricing. With 4 similar homes currently listed in 76550 (a buyer's market), competition is a factor to consider. The trend in 76550 shows prices have risen 3.8% in the past 6 months. 207 W 5th ST, Lampasas TX 76550 nearby adjusts to $170,245; 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