The market data from 5 similar recent sales in SHELL RANCH points to a value of approximately $394,033. To sell within a reasonable timeframe at fair market value, the $382,000 to $406,000 range is where I'd position this. In the current SHELL RANCH market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The 1999 construction puts this home 5 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in SHELL RANCH (a balanced market), competition is a factor to consider. In 78633, home values have risen approximately 0.4% over the past 6 months. One of the strongest data points is 813 Westbury LN, Georgetown TX 78633, adjusting to $345,741; a strong comparable. 5 comparable transactions in SHELL RANCH 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