504 Otto Ave, Georgetown TX 78626

The market data from 7 similar recent sales in FAIRHAVEN points to a value of approximately $380,243. To sell within a reasonable timeframe at fair market value, the $417,000 to $426,000 range is where I'd position this. With 7 comparable homes on the market in FAIRHAVEN, this price positions the property as the most affordable of 7 comparable homes on the market. This home's larger footprint (240 sqft vs the comp average) plays a role in how the market prices it. At 0.10 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in FAIRHAVEN, listed between $370,000 and $498,469. In FAIRHAVEN, home values have fallen approximately 4.2% over the past 6 months. One of the strongest data points is 217 Frederick DR, Georgetown TX 78626, adjusting to $374,813; a strong comparable. 7 comparable transactions in FAIRHAVEN 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