508 S Arnold ST, Lampasas TX 76550

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $279,225. I'd recommend coming to market at $320,000 to $327,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 6 comparable homes on the market comparable homes currently on the market in 76550. Being 105 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1940, this home is 37 years older than the average comp, which is reflected in the adjustments. The active market in 76550 includes 6 comparable homes priced from $275,000 to $399,000. The trend in 76550 shows prices have fallen 4% in the past 6 months. 1304 W Avenue B, Lampasas TX 76550 nearby adjusts to $236,235; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group