The market data from 3 similar recent sales in BERRY CREEK points to a value of approximately $492,026. To sell within a reasonable timeframe at fair market value, the $309,000 to $319,000 range is where I'd position this. Against 5 similar active listings in BERRY CREEK, this price point lands at the 0th most expensive of 5 comparable homes on the market. This home's smaller footprint (404 sqft vs the comp average) plays a role in how the market prices it. The 2007 construction puts this home 9 years newer than the comp average, a factor in the pricing. Right now, 5 similar properties are competing for buyers in BERRY CREEK, listed between $359,000 and $550,000. In BERRY CREEK, home values have fallen approximately 5.9% over the past 6 months. One of the strongest data points is 30613 Chi Chi DR, Georgetown TX 78628, adjusting to $500,580; with a pool. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
