Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $625,454. I'd recommend coming to market at $435,000 to $445,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78633, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 0.50 acre lot (larger than the 0.43 acre average) is reflected in the estimate. Buyers in 78633 have 7 comparable options right now, with asking prices between $487,000 and $698,900. The trend in 78633 shows prices have risen 1.1% in the past 6 months. 204 Joshua DR, Georgetown TX 78633 nearby adjusts to $688,496; a strong comparable. Based on 7 relevant data points in 78633, 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
