The comparable sales data (7 recent transactions in OUT) supports an estimated value of $288,123. The data suggests a list price between $228,000 and $238,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in OUT, this home would be the 3rd least expensive of 7 comparable homes on the market. Being built in 1940 (9 years older than comps) is factored into the value estimate. Lot size matters here: 0.68 acres versus 0.18 for the typical comp. Buyers in OUT have 7 comparable options right now, with asking prices between $249,999 and $365,000. Prices in 78626 have fallen 1.2% over the last 6 months. A similar home at 311 S Church ST, Georgetown TX 78626 carries an adjusted comparable value of $326,087, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in OUT. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group