The estimated value of this property is $416,617, based on 5 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $434,000 and $436,000. With 7 comparable homes on the market in PRESERVE STONE OAK, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (194 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.26 acre lot (larger than the 0.21 acre average) is reflected in the estimate. 7 similar homes are currently available in PRESERVE STONE OAK, creating a buyer's market for this price range. Recent trends in PRESERVE STONE OAK show home values have risen 8.5% since 6 months ago. The most comparable recent sale is 3112 Blue Ridge DR, Round Rock TX 78681, with an adjusted value of $367,473; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
