1407 E 16th ST, Georgetown TX 78626

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $559,859. I'd recommend coming to market at $263,000 to $273,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in NOLEN. The larger floor plan (158 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1960, this home is 10 years newer than the average comp, which is reflected in the adjustments. The active market in NOLEN includes 7 comparable homes priced from $259,900 to $849,000. The trend in 78626 shows prices have fallen 1.4% in the past 6 months. 1502 Olive ST, Georgetown TX 78626 nearby adjusts to $653,928; a strong comparable. Based on 4 relevant data points in NOLEN, 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