Based on 5 closed sales in STONEY RIDGE, the data points to a value around $316,726 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $255,000 to $265,000. This home's position in the current STONEY RIDGE market: the most expensive of 4 comparable homes on the market among comparable properties. This home's larger footprint (545 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.17 acres versus 0.13 for the typical comp. There are currently 4 similar homes on the market in STONEY RIDGE, ranging from $267,000 to $330,000. Market data shows STONEY RIDGE prices fallen 16.5% over the last half year. The closest comparable sale, 7247 Wardman DR, Del Valle TX 78617 at an adjusted $379,672, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in STONEY RIDGE. 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