Based on 4 closed sales in OAKCREST ESTATES, the data points to a value around $551,376 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $463,000 to $473,000. Buyers shopping in OAKCREST ESTATES right now would see this as a well positioned option among 3 comparable homes. Lot size matters here: 0.38 acres versus 0.42 for the typical comp. Current inventory shows 3 comparable homes in OAKCREST ESTATES; a seller's market based on recent absorption. Market data shows OAKCREST ESTATES prices fallen 24.1% over the last half year. The closest comparable sale, 504 Ridgecrest RD, Georgetown TX 78628 at an adjusted $477,276, is with a pool. The strength of this estimate comes from 4 directly comparable sales in OAKCREST ESTATES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group