Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $798,893. I'd recommend coming to market at $823,000 to $860,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 6 comparable homes on the market comparable homes currently on the market in 78628. At 138 sqft larger than the typical comp, the size difference factors into the valuation. The 1.20 acre lot (larger than the 1.12 acre average) is reflected in the estimate. With 6 similar homes currently listed in 78628 (a buyer's market), competition is a factor to consider. The trend in 78628 shows prices have risen 5.5% in the past 6 months. 100 Portafino LN, Georgetown TX 78633 nearby adjusts to $870,324; with a larger floor plan. Based on 7 relevant data points in 78628, 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
