Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $505,789. I'd recommend coming to market at $429,000 to $439,000 to strike the right balance between value and market velocity. In the current 78626 market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. The pool is a standout feature, with 6 of 7 comparable homes not offering one. The 15.00 acre lot (larger than the 0.41 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in 78626; a buyer's market based on recent absorption. The trend in 78626 shows prices have fallen 5.5% in the past 6 months. 501 Eastview DR, Georgetown TX 78626 nearby adjusts to $896,397; a strong comparable. 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