After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $450,330. Pricing this home between $329,000 and $339,000 would put it in the competitive sweet spot for OAKCREST ESTATES. Relative to what's currently available in OAKCREST ESTATES, this home would be the 2nd most expensive of 7 comparable homes on the market. At 8 years newer than typical comps, the 1994 build date influences the valuation. The larger lot (0.61 acres versus the area average of 0.46) contributes to the valuation. There are currently 7 similar homes on the market in OAKCREST ESTATES, ranging from $299,500 to $499,000. Market data shows OAKCREST ESTATES prices fallen 24.1% over the last half year. The closest comparable sale, 116 Southcross RD, Georgetown TX 78628 at an adjusted $549,754, is a strong comparable. With 5 comparable sales in OAKCREST ESTATES, 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