Reviewing the most recent comparable transactions, this home's market value falls around $340,144. For a well positioned listing in TAHITIAN, I'd target the $270,000 to $280,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in TAHITIAN. The 1995 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.52 acres, the lot is larger than the 0.37 acre comp average, which factors into pricing. With 3 similar homes currently listed in TAHITIAN (a buyer's market), competition is a factor to consider. Recent trends in TAHITIAN show home values have fallen 2.3% since 6 months ago. The most comparable recent sale is 438 Tahitian DR, Bastrop TX 78602, with an adjusted value of $347,461; with a larger floor plan. 5 comparable transactions in TAHITIAN support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group