Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $306,301. To generate strong buyer interest while maximizing value, I'd price this between $311,000 and $316,000. Against 3 similar active listings in UNIVERSITY PARK, this price point lands at the most affordable of 3 comparable homes on the market. Being 451 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1995 construction puts this home 6 years older than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in UNIVERSITY PARK, ranging from $320,000 to $600,000. The trend in UNIVERSITY PARK shows prices have fallen 12.1% in the past 6 months. 1514 Barcus DR, Georgetown TX 78626 nearby adjusts to $300,585; with a smaller floor plan. The 3 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
