The estimated value of this property is $322,127, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $325,000 and $332,000. Against 5 similar active listings in SETTLEMENT, this price point lands at the 2nd least expensive of 5 comparable homes on the market. Built in 1995, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 0.18 acre lot (larger than the 0.14 acre average) is reflected in the estimate. There are currently 5 similar homes on the market in SETTLEMENT, ranging from $308,900 to $394,000. Recent trends in SETTLEMENT show home values have fallen 9.7% since 6 months ago. The most comparable recent sale is 1518 Sundance DR, Round Rock TX 78665, with an adjusted value of $324,832; a strong comparable. Based on 7 relevant data points in SETTLEMENT, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX