1816 Paradise Ridge DR, Round Rock TX 78665

The market data from 4 similar recent sales in SONOMA points to a value of approximately $468,876. To sell within a reasonable timeframe at fair market value, the $391,000 to $401,000 range is where I'd position this. Against 7 similar active listings in SONOMA, this price point lands at the 3rd most expensive of 7 comparable homes on the market. This home's smaller footprint (368 sqft vs the comp average) plays a role in how the market prices it. At 0.16 acres, the lot is smaller than the 0.19 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SONOMA; a buyer's market based on recent absorption. In SONOMA, home values have fallen approximately 25.8% over the past 6 months. One of the strongest data points is 2701 Blackstone CV, Round Rock TX 78665, adjusting to $457,359; with a larger floor plan. The 4 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