Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $248,669. I'd recommend coming to market at $137,000 to $147,000 to strike the right balance between value and market velocity. Against 4 similar active listings in WHISPER OAKS CONDOS, this price point lands at the most expensive of 4 comparable homes on the market. Being 709 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.00 acre lot (smaller than the 0.32 acre average) is reflected in the estimate. Buyers in WHISPER OAKS CONDOS have 4 comparable options right now, with asking prices between $139,900 and $419,990. The trend in 78628 shows prices have risen 1% in the past 6 months. 3412 Lonesome TRL, Georgetown TX 78628 nearby adjusts to $219,530; with a larger 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