1505 N 7th ST, Temple TX 76501

After reviewing 3 recent transactions in 76501, I estimate this property's value at $150,356. A competitive list price for this home right now would fall in the $97,000 to $107,000 range. This would position the home competitively among 3 active listings in 76501. The 112 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.23 acres versus the area average of 0.16) contributes to the valuation. Right now, 3 similar properties are competing for buyers in 76501, listed between $89,000 and $262,000. Prices in 76501 have fallen 7.2% over the last 6 months. A similar home at 817 N 8th ST, Temple TX 76501 carries an adjusted comparable value of $127,296, providing a strong data point. With 3 comparable sales in 76501, 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