The market data from 6 similar recent sales in PARKVIEW ESTATES points to a value of approximately $302,232. To sell within a reasonable timeframe at fair market value, the $325,000 to $337,000 range is where I'd position this. In the current PARKVIEW ESTATES market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The 1993 construction puts this home 8 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in PARKVIEW ESTATES; a buyer's market based on recent absorption. In 78626, home values have fallen approximately 3.9% over the past 6 months. One of the strongest data points is 122 Pecan Vista LN, Georgetown TX 78626, adjusting to $251,225; with a smaller floor plan. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group