Reviewing the most recent comparable transactions, this home's market value falls around $1,102,701. For a well positioned listing in RIVER CHASE, I'd target the $825,000 to $835,000 range. In the current RIVER CHASE market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (328 sqft compared to the average comp) is a meaningful differentiator in this price range. At 1.04 acres, the lot is larger than the 0.49 acre comp average, which factors into pricing. With 7 similar homes currently listed in RIVER CHASE (a buyer's market), competition is a factor to consider. Recent trends in 78628 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 109 Great Hope CV, Georgetown TX 78628, with an adjusted value of $1,395,739; 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
