The comparable sales data (5 recent transactions in PARK ESTATES) supports an estimated value of $1,172,463. The data suggests a list price between $1,187,000 and $1,212,000 would attract qualified buyers without leaving money on the table. This home's position in the current PARK ESTATES market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The 862 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 1.48 acres versus 1.33 for the typical comp. Current inventory shows 4 comparable homes in PARK ESTATES; a buyer's market based on recent absorption. Prices in 78633 have fallen 2.6% over the last 6 months. A similar home at 232 Whispering Spring LN, Georgetown TX 78633 carries an adjusted comparable value of $1,211,950, providing a strong data point. The strength of this estimate comes from 5 directly comparable sales in PARK ESTATES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group