After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $499,769. Pricing this home between $583,000 and $628,000 would put it in the competitive sweet spot for 78605. Relative to what's currently available in 78605, this home would be the most affordable of 2 comparable homes on the market. This home's larger footprint (268 sqft vs the comp average) plays a role in how the market prices it. Having a pool is a plus; 7 of the 7 comps lacked one. With 2 similar homes currently listed in 78605 (a buyer's market), competition is a factor to consider. Market data shows 78605 prices fallen 17.7% over the last half year. The closest comparable sale, 106 Alexander Ave, Burnet TX 78611 at an adjusted $512,284, is with a smaller floor plan and no pool. With 7 comparable sales in 78605, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group