The market data from 7 similar recent sales in GREENRIDGE points to a value of approximately $310,458. To sell within a reasonable timeframe at fair market value, the $267,000 to $277,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in GREENRIDGE. At 0.21 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. 7 similar homes are currently available in GREENRIDGE, creating a buyer's market for this price range. In GREENRIDGE, home values have fallen approximately 12% over the past 6 months. One of the strongest data points is 1701 Shire ST, Pflugerville TX 78660, adjusting to $303,051; a strong comparable. 7 comparable transactions in GREENRIDGE 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