Reviewing the most recent comparable transactions, this home's market value falls around $369,039. For a well positioned listing in SHELDON, I'd target the $425,000 to $448,000 range. In the current SHELDON market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 2007 construction puts this home 6 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in SHELDON (a buyer's market), competition is a factor to consider. Recent trends in SHELDON show home values have risen 0.8% since 6 months ago. The most comparable recent sale is 8724 Panadero DR, Austin TX 78747, with an adjusted value of $401,100; a strong comparable. The 4 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