The market data from 6 similar recent sales in FOREST RIDGE points to a value of approximately $401,961. To sell within a reasonable timeframe at fair market value, the $426,000 to $427,000 range is where I'd position this. Against 3 similar active listings in FOREST RIDGE, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The 224 sqft size difference versus comparable sales is reflected in the adjusted values. The 1996 construction puts this home 6 years older than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in FOREST RIDGE, listed between $385,000 and $578,870. In FOREST RIDGE, home values have fallen approximately 0.3% over the past 6 months. One of the strongest data points is 1504 Laurel Oak LOOP, Round Rock TX 78665, adjusting to $426,325; with a pool. 6 comparable transactions in FOREST RIDGE 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