Based on what similar homes have actually sold for within a mile, I'd place this property's value at $292,783. I'd recommend coming to market at $284,000 to $302,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 5 comparable homes on the market comparable homes currently on the market in SUN CITY TEXAS. At 262 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1996, this home is 5 years older than the average comp, which is reflected in the adjustments. With 5 similar homes currently listed in SUN CITY TEXAS (a buyer's market), competition is a factor to consider. The trend in SUN CITY TEXAS shows prices have risen 2.7% in the past 6 months. 400 Sundance LN, Georgetown TX 78633 nearby adjusts to $253,576; a strong comparable. Based on 3 relevant data points in SUN CITY TEXAS, 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