507 W 2ND ST, Lampasas TX 76550

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $345,494. To generate strong buyer interest while maximizing value, I'd price this between $429,000 and $482,000. In the current 76550 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (609 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1905 construction puts this home 45 years older than the comp average, a factor in the pricing. The active market in 76550 includes 7 comparable homes priced from $350,000 to $595,000. The trend in 76550 shows prices have fallen 3.2% in the past 6 months. 508 S Walnut ST, Lampasas TX 76550 nearby adjusts to $429,021; a strong comparable. 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