After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $1,092,346. Pricing this home between $1,060,000 and $1,125,000 would put it in the competitive sweet spot for WOODS/FOUNTAINWOOD. Relative to what's currently available in WOODS/FOUNTAINWOOD, this home would be the most expensive of 3 comparable homes on the market. Being 438 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (1.01 acres versus the area average of 1.10) contributes to the valuation. With 3 similar homes currently listed in WOODS/FOUNTAINWOOD (a buyer's market), competition is a factor to consider. Market data shows 78633 prices fallen 2.6% over the last half year. The closest comparable sale, 405 Marquesa TRL, Georgetown TX 78633 at an adjusted $1,148,149, is with a smaller floor plan. With 5 comparable sales in WOODS/FOUNTAINWOOD, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
