Reviewing the most recent comparable transactions, this home's market value falls around $450,064. For a well positioned listing in RIVER RIDGE SEC A A VACATION &, I'd target the $505,000 to $511,000 range. Against 7 similar active listings in RIVER RIDGE SEC A A VACATION &, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Being 102 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1996 construction puts this home 13 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in RIVER RIDGE SEC A A VACATION & (a buyer's market), competition is a factor to consider. Recent trends in 78628 show home values have fallen 1.9% since 6 months ago. The most comparable recent sale is 211 River Down RD, Georgetown TX 78628, with an adjusted value of $492,251; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
