After reviewing 3 recent transactions in TERAVISTA, I estimate this property's value at $450,028. A competitive list price for this home right now would fall in the $452,000 to $467,000 range. This would position the home competitively among 3 active listings in TERAVISTA. At 5 years newer than typical comps, the 2016 build date influences the valuation. Current inventory shows 3 comparable homes in TERAVISTA; a buyer's market based on recent absorption. Prices in TERAVISTA have fallen 4.6% over the last 6 months. A similar home at 322 Briar Park DR, Georgetown TX 78626 carries an adjusted comparable value of $452,476, providing a strong data point. With 3 comparable sales in TERAVISTA, 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