After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,193,328. Pricing this home between $932,000 and $942,000 would put it in the competitive sweet spot for PARK ESTATES. This pricing would rank the home as the 2nd most expensive of 6 comparable homes on the market in PARK ESTATES's current inventory. At 929 sqft larger than the typical comp, the size difference factors into the valuation. At 5 years older than typical comps, the 2006 build date influences the valuation. 6 similar homes are currently available in PARK ESTATES, creating a buyer's market for this price range. Market data shows 78633 prices fallen 1.3% over the last half year. The closest comparable sale, 122 Silverstone DR, Georgetown TX 78633 at an adjusted $1,345,033, is with a smaller floor plan and a pool. 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