The market data from 7 similar recent sales in SOMERSET points to a value of approximately $302,894. To sell within a reasonable timeframe at fair market value, the $337,000 to $354,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in SOMERSET. The 1992 construction puts this home 6 years newer than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in SOMERSET, ranging from $290,000 to $429,900. In 78681, home values have risen approximately 1% over the past 6 months. One of the strongest data points is 1705 Sylvia LN, Round Rock TX 78681, adjusting to $260,342; with a larger floor plan. 7 comparable transactions in SOMERSET 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