The market data from 7 similar recent sales in LOGAN PLATEAU points to a value of approximately $667,156. To sell within a reasonable timeframe at fair market value, the $835,000 to $1,049,000 range is where I'd position this. In the current LOGAN PLATEAU market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. This home's larger footprint (1,379 sqft vs the comp average) plays a role in how the market prices it. At 0.60 acres, the lot is larger than the 0.26 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in LOGAN PLATEAU; a buyer's market based on recent absorption. In 78628, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 2749 Springwood LN, Georgetown TX 78628, adjusting to $1,103,291; with a smaller floor plan. 7 comparable transactions in LOGAN PLATEAU support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
