Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $338,189. I'd recommend coming to market at $381,000 to $383,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in SONOMA. The 0.00 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. There are currently 6 similar homes on the market in SONOMA, ranging from $335,000 to $414,900. The trend in SONOMA shows prices have fallen 10.7% in the past 6 months. 741 Rusk RD, Round Rock TX 78665 nearby adjusts to $308,861; a strong comparable. With 5 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