Based on 4 closed sales in PALOMA LAKE, the data points to a value around $345,255 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $335,000 to $356,000. This would position the home competitively among 6 active listings in PALOMA LAKE. At 147 sqft smaller than the typical comp, the size difference factors into the valuation. Current inventory shows 6 comparable homes in PALOMA LAKE; a buyer's market based on recent absorption. Market data shows PALOMA LAKE prices fallen 4% over the last half year. The closest comparable sale, 2935 Angelina DR, Round Rock TX 78665 at an adjusted $348,078, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in PALOMA LAKE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
