The market data from 5 similar recent sales in SONTERRA WEST points to a value of approximately $187,866. To sell within a reasonable timeframe at fair market value, the $182,000 to $194,000 range is where I'd position this. Among the similar homes currently available in SONTERRA WEST, this price point stands out as competitive. At 160 sqft smaller than the typical comp, the size difference factors into the valuation. There are currently 3 similar homes on the market in SONTERRA WEST, ranging from $217,900 to $1,387,360. In SONTERRA WEST, home values have fallen approximately 2.7% over the past 6 months. One of the strongest data points is 101 Engineers Pass, Jarrell TX 76537, adjusting to $181,576; a strong comparable. 5 comparable transactions in SONTERRA WEST 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