After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $1,035,519. Pricing this home between $1,144,000 and $1,181,000 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 2nd least expensive of 5 comparable homes on the market. Being 187 sqft larger than the average comparable sale in this area impacts the per square foot value. With 5 similar homes currently listed in WOODS/FOUNTAINWOOD (a balanced market), competition is a factor to consider. Market data shows 78633 prices risen 3.6% over the last half year. The closest comparable sale, 403 Highland Spring LN, Georgetown TX 78633 at an adjusted $1,026,015, is with a smaller floor plan. With 6 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
