40303 Founders Oak WAY, Georgetown TX 78626

After reviewing 7 recent transactions in PENNINGTON PLACE, I estimate this property's value at $690,131. A competitive list price for this home right now would fall in the $364,000 to $374,000 range. Buyers shopping in PENNINGTON PLACE right now would see this as a well positioned option among 7 comparable homes. At 20 years newer than typical comps, the 2013 build date influences the valuation. The smaller lot (0.87 acres versus the area average of 1.81) contributes to the valuation. There are currently 7 similar homes on the market in PENNINGTON PLACE, ranging from $349,000 to $568,990. Prices in 78626 have fallen 3.5% over the last 6 months. A similar home at 510 W 22nd ST, Georgetown TX 78626 carries an adjusted comparable value of $805,185, providing a strong data point. With 7 comparable sales in PENNINGTON PLACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group