After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,191,622. Pricing this home between $1,308,000 and $1,393,000 would put it in the competitive sweet spot for 78633. Relative to what's currently available in 78633, this home would be the 2nd least expensive of 4 comparable homes on the market. This home's larger footprint (453 sqft vs the comp average) plays a role in how the market prices it. The larger lot (1.83 acres versus the area average of 1.07) contributes to the valuation. Current inventory shows 4 comparable homes in 78633; a balanced market based on recent absorption. Market data shows 78633 prices risen 3.6% over the last half year. The closest comparable sale, 112 Gabriel VIS E, Georgetown TX 78633 at an adjusted $1,144,462, is with a smaller floor plan. With 7 comparable sales in 78633, 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
