502 E 2nd ST, Georgetown TX 78626

The market data from 7 similar recent sales in OUT points to a value of approximately $424,918. To sell within a reasonable timeframe at fair market value, the $267,000 to $277,000 range is where I'd position this. With 7 comparable homes on the market in OUT, this price positions the property as the most expensive of 7 comparable homes on the market. The 1973 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.39 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in OUT, listed between $249,000 and $495,000. In OUT, home values have risen approximately 5.1% over the past 6 months. One of the strongest data points is 1107 E 17th ST, Georgetown TX 78626, adjusting to $445,003; with a larger floor plan. 7 comparable transactions in OUT support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group