Reviewing the most recent comparable transactions, this home's market value falls around $250,022. For a well positioned listing in SONTERRA, I'd target the $197,000 to $207,000 range. With 3 comparable homes on the market in SONTERRA, this price positions the property as the most expensive of 3 comparable homes on the market. The 2008 construction puts this home 13 years older than the comp average, a factor in the pricing. Buyers in SONTERRA have 3 comparable options right now, with asking prices between $215,000 and $265,000. Recent trends in SONTERRA show home values have risen 7.9% since 6 months ago. The most comparable recent sale is 201 El Dorado RD, Jarrell TX 76537, with an adjusted value of $251,356; a strong comparable. The 7 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
