Based on 6 closed sales in SOMERSET, the data points to a value around $316,694 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $310,000 to $323,000. Relative to what's currently available in SOMERSET, this home would be the most affordable of 6 comparable homes on the market. At 113 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1985 (6 years older than comps) is factored into the value estimate. Right now, 6 similar properties are competing for buyers in SOMERSET, listed between $325,000 and $439,900. Market data shows SOMERSET prices risen 11.9% over the last half year. The closest comparable sale, 1629 Sylvia CT, Round Rock TX 78681 at an adjusted $286,896, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in SOMERSET. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group