The market data from 3 similar recent sales in RIVER RIDGE points to a value of approximately $605,609. To sell within a reasonable timeframe at fair market value, the $861,000 to $864,000 range is where I'd position this. In the current RIVER RIDGE market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. At 601 sqft larger than the typical comp, the size difference factors into the valuation. The 1981 construction puts this home 7 years older than the comp average, a factor in the pricing. Buyers in RIVER RIDGE have 7 comparable options right now, with asking prices between $499,000 and $1,149,900. In RIVER RIDGE, home values have fallen approximately 23.4% over the past 6 months. One of the strongest data points is 208 Norwood CV, Georgetown TX 78628, adjusting to $649,112; with a smaller floor plan and a pool. The 3 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
