The market data from 7 similar recent sales in SHOALMONT points to a value of approximately $831,936. To sell within a reasonable timeframe at fair market value, the $405,000 to $415,000 range is where I'd position this. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in SHOALMONT. The 683 sqft size difference versus comparable sales is reflected in the adjusted values. There are currently 4 similar homes on the market in SHOALMONT, ranging from $375,000 to $899,900. In SHOALMONT, home values have risen approximately 13.8% over the past 6 months. One of the strongest data points is 4914 Strass DR, Austin TX 78731, adjusting to $749,940; 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