The estimated value of this property is $345,193, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $420,000 and $422,000. In the current SOMERSET market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. Built in 1993, this home is 5 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in SOMERSET; a seller's market based on recent absorption. Recent trends in SOMERSET show home values have risen 22.1% since 6 months ago. The most comparable recent sale is 1504 Sylvia LN, Round Rock TX 78681, with an adjusted value of $312,350; a strong comparable. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group