The market data from 3 similar recent sales in SETTLEMENT points to a value of approximately $277,650. To sell within a reasonable timeframe at fair market value, the $313,000 to $317,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in SETTLEMENT. At 0.25 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. The active market in SETTLEMENT includes 7 comparable homes priced from $284,999 to $425,000. In SETTLEMENT, home values have fallen approximately 9.7% over the past 6 months. One of the strongest data points is 2700 Settlement DR, Round Rock TX 78665, adjusting to $237,637; a strong comparable. The 3 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
