After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $412,757. Pricing this home between $853,000 and $854,000 would put it in the competitive sweet spot for 78628. Buyers shopping in 78628 right now would see this as a well positioned option among 4 comparable homes. The larger floor plan (3,821 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (5.00 acres versus the area average of 0.30) contributes to the valuation. There are currently 4 similar homes on the market in 78628, ranging from $769,900 to $1,800,000. Market data shows 78628 prices fallen 1.9% over the last half year. The closest comparable sale, 3403 Northwest BLVD, Georgetown TX 78628 at an adjusted $490,028, is with a smaller floor plan. The comp data here (7 sales in 78628) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus