505 S Summer ST, Lampasas TX 76550

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $214,678. Pricing this home between $246,000 and $251,000 would put it in the competitive sweet spot for PARK. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in PARK's current inventory. At 11 years newer than typical comps, the 1982 build date influences the valuation. The smaller lot (0.21 acres versus the area average of 0.27) contributes to the valuation. Right now, 5 similar properties are competing for buyers in PARK, listed between $205,000 and $275,000. The closest comparable sale, 207 W 5th ST, Lampasas TX 76550 at an adjusted $226,787, is a strong comparable. With 7 comparable sales in PARK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group