116 Otella ST, Georgetown TX 78628

The estimated value of this property is $366,041, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $392,000 and $408,000. In the current MORNINGSTAR market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (106 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.00 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. With 7 similar homes currently listed in MORNINGSTAR (a buyer's market), competition is a factor to consider. Recent trends in MORNINGSTAR show home values have risen 4.7% since 6 months ago. The most comparable recent sale is 109 Vickers ST, Georgetown TX 78628, with an adjusted value of $355,952; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group