2670 Ravenwood DR, Round Rock TX 78665

The market data from 7 similar recent sales in SONOMA points to a value of approximately $500,780. To sell within a reasonable timeframe at fair market value, the $405,000 to $415,000 range is where I'd position this. In the current SONOMA market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The 207 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.25 acres, the lot is larger than the 0.22 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 5.9% over the past 6 months. One of the strongest data points is 1606 Belvedere PL, Round Rock TX 78665, adjusting to $445,305; with a larger floor plan. 7 comparable transactions in SONOMA 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