Based on 7 closed sales in STONERIDGE, the data points to a value around $245,921 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $197,000 to $207,000. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in STONERIDGE's current inventory. Being built in 2005 (6 years older than comps) is factored into the value estimate. Lot size matters here: 0.04 acres versus 0.17 for the typical comp. With 7 similar homes currently listed in STONERIDGE (a buyer's market), competition is a factor to consider. Market data shows 78610 prices fallen 8.8% over the last half year. The closest comparable sale, 272 Feathergrass DR, Buda TX 78610 at an adjusted $256,917, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in STONERIDGE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group