Based on what similar homes have actually sold for within a mile, I'd place this property's value at $824,328. I'd recommend coming to market at $723,000 to $733,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78628. The 1.20 acre lot (larger than the 1.10 acre average) is reflected in the estimate. With 7 similar homes currently listed in 78628 (a buyer's market), competition is a factor to consider. The trend in 78628 shows prices have risen 5.7% in the past 6 months. 100 Portafino LN, Georgetown TX 78633 nearby adjusts to $870,493; with a larger floor plan. Based on 5 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
