The market data from 7 similar recent sales in FERN BLUFF points to a value of approximately $446,323. To sell within a reasonable timeframe at fair market value, the $493,000 to $498,000 range is where I'd position this. Among the similar homes currently available in FERN BLUFF, this price point stands out as competitive. This home's smaller footprint (146 sqft vs the comp average) plays a role in how the market prices it. The active market in FERN BLUFF includes 5 comparable homes priced from $469,000 to $527,900. In FERN BLUFF, home values have fallen approximately 1.8% over the past 6 months. One of the strongest data points is 17509 Klamath Falls DR, Round Rock TX 78681, adjusting to $413,143; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group