2948 Castellan LN, Round Rock TX 78665

After reviewing 7 recent transactions in PALOMA LAKE, I estimate this property's value at $492,813. A competitive list price for this home right now would fall in the $525,000 to $528,000 range. This home's position in the current PALOMA LAKE market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. At 5 years older than typical comps, the 2011 build date influences the valuation. The larger lot (0.22 acres versus the area average of 0.19) contributes to the valuation. Current inventory shows 7 comparable homes in PALOMA LAKE; a buyer's market based on recent absorption. Prices in PALOMA LAKE have fallen 5.8% over the last 6 months. A similar home at 2632 Los Alamos PASS, Round Rock TX 78665 carries an adjusted comparable value of $483,528, providing a strong data point. With 7 comparable sales in PALOMA LAKE, 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