Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $902,340. I'd recommend coming to market at $875,000 to $929,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in RIVER ESTATES. Being 2,667 sqft larger than the average comparable sale in this area impacts the per square foot value. The 8.12 acre lot (larger than the 4.23 acre average) is reflected in the estimate. Buyers in RIVER ESTATES have 1 comparable options right now, with asking prices between $1,795,000 and $1,795,000. The trend in 78626 shows prices have fallen 3.1% in the past 6 months. 218 Courtnees WAY, Georgetown TX 78626 nearby adjusts to $1,080,265; with a smaller floor plan and a pool. Based on 7 relevant data points in RIVER ESTATES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
