5005 Scenic Lake DR, Georgetown TX 78626

The market data from 7 similar recent sales in TERAVISTA points to a value of approximately $518,086. To sell within a reasonable timeframe at fair market value, the $594,000 to $610,000 range is where I'd position this. Against 7 similar active listings in TERAVISTA, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 2013 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.36 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. The active market in TERAVISTA includes 7 comparable homes priced from $535,000 to $725,000. In TERAVISTA, home values have fallen approximately 4.1% over the past 6 months. One of the strongest data points is 1905 Kempwood CT, Round Rock TX 78665, adjusting to $640,363; a strong comparable. The 7 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