7 recent sales within a mile of this address suggest a current value of $256,354. My recommended list price range for this property would be $190,000 to $200,000. Against 7 similar active listings in RAINTREE, this price point lands at the 4th most expensive of 7 comparable homes on the market. Being 505 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1988, this home is 11 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in RAINTREE; a buyer's market based on recent absorption. In 78626, home values have fallen approximately 3.9% over the past 6 months. One of the strongest data points is 206 Jan LN, Georgetown TX 78626, adjusting to $257,228; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group