After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,072,173. Pricing this home between $1,051,000 and $1,094,000 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 4th most expensive of 7 comparable homes on the market. Being 223 sqft larger than the average comparable sale in this area impacts the per square foot value. With 7 similar homes currently listed in WOODS/FOUNTAINWOOD (a balanced market), competition is a factor to consider. Market data shows 78633 prices risen 1.1% over the last half year. The closest comparable sale, 401 Highland Bluff DR, Georgetown TX 78633 at an adjusted $1,321,115, is with a smaller floor plan and a pool. With 7 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
