5200 Ledge RD, Temple TX 76502

The market data from 3 similar recent sales in 76502 points to a value of approximately $551,553. To sell within a reasonable timeframe at fair market value, the $412,000 to $422,000 range is where I'd position this. Against 7 similar active listings in 76502, this price point lands at the 2nd most expensive of 7 comparable homes on the market. At 163 sqft larger than the typical comp, the size difference factors into the valuation. At 0.97 acres, the lot is larger than the 0.92 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 76502; a buyer's market based on recent absorption. In 76502, home values have fallen approximately 3.7% over the past 6 months. One of the strongest data points is 5026 Lakeaire CIR, Temple TX 76502, adjusting to $763,312; a strong comparable. The 3 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