Based on 5 closed sales in SOMERSET, the data points to a value around $323,605 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $314,000 to $333,000. Relative to what's currently available in SOMERSET, this home would be the most affordable of 7 comparable homes on the market. At 104 sqft larger than the typical comp, the size difference factors into the valuation. Right now, 7 similar properties are competing for buyers in SOMERSET, listed between $335,000 and $480,000. Market data shows SOMERSET prices risen 25.9% over the last half year. The closest comparable sale, 1504 Sylvia LN, Round Rock TX 78681 at an adjusted $299,442, is a strong comparable. The strength of this estimate comes from 5 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