602 W Park Ave, Temple TX 76501

The market data from 3 similar recent sales in 76501 points to a value of approximately $221,918. To sell within a reasonable timeframe at fair market value, the $141,000 to $151,000 range is where I'd position this. With 7 comparable homes on the market in 76501, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 0.25 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. 7 similar homes are currently available in 76501, creating a buyer's market for this price range. In 76501, home values have fallen approximately 7.2% over the past 6 months. One of the strongest data points is 1902 N 7th ST, Temple TX 76501, adjusting to $267,166; with a larger floor plan. 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