After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,118,024. Pricing this home between $1,186,000 and $1,193,000 would put it in the competitive sweet spot for PARK ESTATES. This pricing would rank the home as the 2nd most expensive of 4 comparable homes on the market in PARK ESTATES's current inventory. At 976 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (1.83 acres versus the area average of 1.29) contributes to the valuation. 4 similar homes are currently available in PARK ESTATES, creating a buyer's market for this price range. Market data shows 78633 prices fallen 2.6% over the last half year. The closest comparable sale, 403 Highland Spring LN, Georgetown TX 78633 at an adjusted $1,062,347, is with a smaller floor plan. With 7 comparable sales in PARK ESTATES, 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