The market data from 4 similar recent sales in GEORGETOWN points to a value of approximately $355,245. To sell within a reasonable timeframe at fair market value, the $390,000 to $394,000 range is where I'd position this. Against 7 similar active listings in GEORGETOWN, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Being 124 sqft smaller than the average comparable sale in this area impacts the per square foot value. 7 similar homes are currently available in GEORGETOWN, creating a balanced market for this price range. In GEORGETOWN, home values have risen approximately 7.6% over the past 6 months. One of the strongest data points is 227 Village Park DR, Georgetown TX 78633, adjusting to $371,267; a strong comparable. 4 comparable transactions in GEORGETOWN support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group