Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $475,187. I'd recommend coming to market at $369,000 to $379,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78628, this price point lands at the 4th most expensive of 7 comparable homes on the market. Being 340 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2006, this home is 6 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in 78628, creating a buyer's market for this price range. The trend in 78628 shows prices have fallen 1.9% in the past 6 months. 707 Hedgewood DR, Georgetown TX 78628 nearby adjusts to $417,300; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
