The market data from 5 similar recent sales in SOUTH CREEK points to a value of approximately $274,223. To sell within a reasonable timeframe at fair market value, the $266,000 to $282,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in SOUTH CREEK. At 130 sqft smaller than the typical comp, the size difference factors into the valuation. With 3 similar homes currently listed in SOUTH CREEK (a balanced market), competition is a factor to consider. In SOUTH CREEK, home values have risen approximately 1.1% over the past 6 months. One of the strongest data points is 2207 Raintree PATH, Round Rock TX 78664, adjusting to $299,539; a strong comparable. 5 comparable transactions in SOUTH CREEK 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