The market data from 7 similar recent sales in EUBANK points to a value of approximately $588,907. To sell within a reasonable timeframe at fair market value, the $392,000 to $402,000 range is where I'd position this. In the current EUBANK market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 1905 construction puts this home 53 years older than the comp average, a factor in the pricing. At 0.32 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. 7 similar homes are currently available in EUBANK, creating a buyer's market for this price range. In 78626, home values have fallen approximately 3.9% over the past 6 months. One of the strongest data points is 1704 S Church ST, Georgetown TX 78626, adjusting to $394,650; a strong comparable. The 7 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
