The comparable sales data (6 recent transactions in PARK ESTATES) supports an estimated value of $1,238,832. The data suggests a list price between $961,000 and $971,000 would attract qualified buyers without leaving money on the table. This home's position in the current PARK ESTATES market: the most expensive of 3 comparable homes on the market among comparable properties. The 854 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2006 (7 years older than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in PARK ESTATES; a buyer's market based on recent absorption. Prices in 78633 have fallen 1.3% over the last 6 months. A similar home at 232 Whispering Spring LN, Georgetown TX 78633 carries an adjusted comparable value of $1,211,600, providing a strong data point. The strength of this estimate comes from 6 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