Based on what similar homes have actually sold for within a mile, I'd place this property's value at $999,534. I'd recommend coming to market at $617,000 to $627,000 to strike the right balance between value and market velocity. Against 3 similar active listings in GABRIELS OVERLOOK, this price point lands at the most expensive of 3 comparable homes on the market. This home's larger footprint (497 sqft vs the comp average) plays a role in how the market prices it. The 1.09 acre lot (smaller than the 1.22 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in GABRIELS OVERLOOK, ranging from $569,990 to $950,000. The trend in GABRIELS OVERLOOK shows prices have fallen 7.2% in the past 6 months. 121 Waterford LN, Georgetown TX 78628 nearby adjusts to $1,198,117; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group