After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $696,728. Pricing this home between $471,000 and $481,000 would put it in the competitive sweet spot for 78628. This would position the home competitively among 7 active listings in 78628. At 18 years older than typical comps, the 1979 build date influences the valuation. The larger lot (4.99 acres versus the area average of 1.35) contributes to the valuation. 7 similar homes are currently available in 78628, creating a buyer's market for this price range. Market data shows 78628 prices fallen 1.8% over the last half year. The closest comparable sale, 444 Logan Ranch RD, Georgetown TX 78628 at an adjusted $999,221, is with a smaller floor plan. With 7 comparable sales in 78628, 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