Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $885,733. I'd recommend coming to market at $708,000 to $718,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78641, this price point lands at the 4th most expensive of 7 comparable homes on the market. The pool is a standout feature, with 4 of 7 comparable homes not offering one. Built in 1994, this home is 16 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78641, listed between $635,000 and $974,900. The trend in 78641 shows prices have fallen 0.8% in the past 6 months. 425 Patricia RD, Georgetown TX 78628 nearby adjusts to $1,150,251; a strong comparable. With 7 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