716 Brown ST, Lampasas TX 76550

After reviewing 5 recent transactions in 76550, I estimate this property's value at $271,515. A competitive list price for this home right now would fall in the $211,000 to $221,000 range. Relative to what's currently available in 76550, this home would be the 3rd most expensive of 7 comparable homes on the market. The smaller floor plan (261 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.16 acres versus the area average of 0.20) contributes to the valuation. Current inventory shows 7 comparable homes in 76550; a buyer's market based on recent absorption. Prices in 76550 have risen 4.8% over the last 6 months. A similar home at 23 Samac LN, Lampasas TX 76550 carries an adjusted comparable value of $296,316, providing a strong data point. With 5 comparable sales in 76550, 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