1591 W Fm 581, Lometa TX 76853

After reviewing 4 recent transactions in NO, I estimate this property's value at $299,333. A competitive list price for this home right now would fall in the $193,000 to $203,000 range. This would position the home competitively among 1 active listings in NO. The larger floor plan (261 sqft compared to the average comp) is a meaningful differentiator in this price range. At 14 years older than typical comps, the 1999 build date influences the valuation. Current inventory shows 1 comparable homes in NO; a buyer's market based on recent absorption. Prices in NO have fallen 59.4% over the last 6 months. A similar home at 412 Mulberry ST, Lometa TX 76853 carries an adjusted comparable value of $214,375, providing a strong data point. The comp data here (4 sales in NO) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus