The estimated value of this property is $295,297, based on 6 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $294,000 and $315,000. With 3 comparable homes on the market in UNIVERSITY PARK, this price positions the property as the most expensive of 3 comparable homes on the market. The 461 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1993, this home is 12 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in UNIVERSITY PARK (a balanced market), competition is a factor to consider. Recent trends in UNIVERSITY PARK show home values have fallen 3.7% since 6 months ago. The most comparable recent sale is 115 Finch LN, Georgetown TX 78626, with an adjusted value of $314,521; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group