517 Shelly DR, Troy TX 76579

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $266,030. I'd recommend coming to market at $258,000 to $274,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 76579, this price positions the property as the most expensive of 3 comparable homes on the market. At 287 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2016, this home is 7 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 76579; a buyer's market based on recent absorption. The trend in 76579 shows prices have risen 1.2% in the past 6 months. 500 Magnolia DR, Troy TX 76579 nearby adjusts to $312,067; a strong comparable. Based on 5 relevant data points in 76579, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX