2804 Paradise Ridge CV, Round Rock TX 78665

After reviewing 4 recent transactions in SONOMA, I estimate this property's value at $465,695. A competitive list price for this home right now would fall in the $396,000 to $406,000 range. This would position the home competitively among 7 active listings in SONOMA. Being 292 sqft smaller than the average comparable sale in this area impacts the per square foot value. The larger lot (0.29 acres versus the area average of 0.23) contributes to the valuation. Current inventory shows 7 comparable homes in SONOMA; a buyer's market based on recent absorption. Prices in SONOMA have fallen 15.9% over the last 6 months. A similar home at 1624 Belvedere PL, Round Rock TX 78665 carries an adjusted comparable value of $390,566, providing a strong data point. With 4 comparable sales in SONOMA, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group