Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $398,837. I'd recommend coming to market at $396,000 to $413,000 to strike the right balance between value and market velocity. Against 3 similar active listings in SHADOW POINTE, this price point lands at the most expensive of 3 comparable homes on the market. Built in 2006, this home is 5 years newer than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in SHADOW POINTE (a balanced market), competition is a factor to consider. The trend in 78665 shows prices have fallen 3.1% in the past 6 months. 1333 Clary Sage LOOP, Round Rock TX 78665 nearby adjusts to $433,752; a strong comparable. With 7 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