Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $507,172. To generate strong buyer interest while maximizing value, I'd price this between $396,000 and $406,000. In the current PINE FOREST market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 109 sqft size difference versus comparable sales is reflected in the adjusted values. The 2015 construction puts this home 7 years newer than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in PINE FOREST, ranging from $389,000 to $885,000. The trend in 78602 shows prices have risen 1.8% in the past 6 months. 159 Alele DR, Bastrop TX 78602 nearby adjusts to $458,277; with a smaller floor plan. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
