The market data from 7 similar recent sales in SHOALMONT points to a value of approximately $801,279. To sell within a reasonable timeframe at fair market value, the $314,000 to $324,000 range is where I'd position this. At this price, the property would be the 0th most expensive of 7 comparable homes on the market comparable homes currently on the market in SHOALMONT. The 569 sqft size difference versus comparable sales is reflected in the adjusted values. There are currently 7 similar homes on the market in SHOALMONT, ranging from $320,000 to $729,900. In SHOALMONT, home values have risen approximately 22% over the past 6 months. One of the strongest data points is 5522 Shoalwood Ave, Austin TX 78756, adjusting to $860,843; with a larger floor plan. 7 comparable transactions in SHOALMONT support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group