The market data from 5 similar recent sales in OLD TOWN MEADOWS points to a value of approximately $273,769. To sell within a reasonable timeframe at fair market value, the $266,000 to $282,000 range is where I'd position this. With 7 comparable homes on the market in OLD TOWN MEADOWS, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 109 sqft smaller than the typical comp, the size difference factors into the valuation. The 1977 construction puts this home 8 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in OLD TOWN MEADOWS, creating a balanced market for this price range. In 78681, home values have fallen approximately 0.4% over the past 6 months. One of the strongest data points is 1302 Meadows DR, Round Rock TX 78681, adjusting to $295,000; with a larger floor plan. 5 comparable transactions in OLD TOWN MEADOWS 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