After reviewing 7 recent transactions in RIVER BEND, I estimate this property's value at $379,922. A competitive list price for this home right now would fall in the $286,000 to $296,000 range. This would position the home competitively among 7 active listings in RIVER BEND. The 784 sqft size difference versus comparable sales is reflected in the adjusted values. The smaller lot (0.25 acres versus the area average of 0.33) contributes to the valuation. Buyers in RIVER BEND have 7 comparable options right now, with asking prices between $275,000 and $360,000. Prices in RIVER BEND have risen 18.7% over the last 6 months. A similar home at 109 Stacey LN, Georgetown TX 78628 carries an adjusted comparable value of $379,288, providing a strong data point. With 7 comparable sales in RIVER BEND, 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