The market data from 7 similar recent sales in WALSH RANCH points to a value of approximately $715,449. To sell within a reasonable timeframe at fair market value, the $614,000 to $624,000 range is where I'd position this. With 7 comparable homes on the market in WALSH RANCH, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Being 153 sqft smaller than the average comparable sale in this area impacts the per square foot value. With 7 similar homes currently listed in WALSH RANCH (a buyer's market), competition is a factor to consider. In WALSH RANCH, home values have fallen approximately 11.4% over the past 6 months. One of the strongest data points is 3519 Alexandrite WAY, Round Rock TX 78681, adjusting to $726,596; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
