1602 Mimosa ST, Georgetown TX 78626

After reviewing 4 recent transactions in EAST LYNN, I estimate this property's value at $518,335. A competitive list price for this home right now would fall in the $289,000 to $299,000 range. Buyers shopping in EAST LYNN right now would see this as a well positioned option among 7 comparable homes. At 5 years newer than typical comps, the 1970 build date influences the valuation. The larger lot (0.27 acres versus the area average of 0.22) contributes to the valuation. 7 similar homes are currently available in EAST LYNN, creating a buyer's market for this price range. Prices in 78626 have fallen 3.7% over the last 6 months. A similar home at 1608 Mimosa ST, Georgetown TX 78626 carries an adjusted comparable value of $547,873, providing a strong data point. With 4 comparable sales in EAST LYNN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group