2708 Madelena CT, Round Rock TX 78665

Reviewing the most recent comparable transactions, this home's market value falls around $347,843. For a well positioned listing in PALOMA LAKE, I'd target the $372,000 to $391,000 range. With 5 comparable homes on the market in PALOMA LAKE, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The smaller floor plan (131 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.00 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. 5 similar homes are currently available in PALOMA LAKE, creating a buyer's market for this price range. Recent trends in PALOMA LAKE show home values have fallen 5.8% since 6 months ago. The most comparable recent sale is 2431 Santa Barbara LOOP, Round Rock TX 78665, with an adjusted value of $346,955; a strong comparable. 6 comparable transactions in PALOMA LAKE 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