My analysis of 7 comparable properties puts this home's estimated value at $295,088. Based on how the local market is moving, a list price between $326,000 and $327,000 would position this home well. Relative to what's currently available in TAHITIAN, this home would be the 2nd least expensive of 7 comparable homes on the market. At 27 years older than typical comps, the 1985 build date influences the valuation. The smaller lot (0.28 acres versus the area average of 0.40) contributes to the valuation. Current inventory shows 7 comparable homes in TAHITIAN; a buyer's market based on recent absorption. The 6 month price trend in TAHITIAN: fallen 2.3%. The best comp here is 113 S Kanaio DR, Bastrop TX 78602 at an adjusted value of $334,439, a strong comparable. With 7 comparable sales in TAHITIAN, 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