816 Elijah LN, Lampasas TX 76550

The market data from 7 similar recent sales in 76550 points to a value of approximately $256,401. To sell within a reasonable timeframe at fair market value, the $251,000 to $262,000 range is where I'd position this. With 4 comparable homes on the market in 76550, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. At 101 sqft smaller than the typical comp, the size difference factors into the valuation. The 2022 construction puts this home 8 years newer than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in 76550; a buyer's market based on recent absorption. In 76550, home values have risen approximately 16.2% over the past 6 months. One of the strongest data points is 1209 E Avenue F, Lampasas TX 76550, adjusting to $262,939; 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