Reviewing the most recent comparable transactions, this home's market value falls around $262,170. For a well positioned listing in DELACRUZ ESTATE, I'd target the $190,000 to $200,000 range. With 3 comparable homes on the market in DELACRUZ ESTATE, this price positions the property as the most expensive of 3 comparable homes on the market. The 1983 construction puts this home 10 years newer than the comp average, a factor in the pricing. At 0.21 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in DELACRUZ ESTATE, listed between $195,000 and $259,999. Recent trends in 78626 show home values have fallen 3.9% since 6 months ago. The most comparable recent sale is 1805 Vine ST, Georgetown TX 78626, with an adjusted value of $266,336; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
