Based on 7 closed sales in TAHITIAN, the data points to a value around $406,360 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $427,000 to $431,000. Relative to what's currently available in TAHITIAN, this home would be the 4th most expensive of 7 comparable homes on the market. Being built in 2001 (17 years older than comps) is factored into the value estimate. Lot size matters here: 1.00 acres versus 0.38 for the typical comp. Right now, 7 similar properties are competing for buyers in TAHITIAN, listed between $388,000 and $651,900. Market data shows TAHITIAN prices fallen 2.3% over the last half year. The closest comparable sale, 353 Nene LN, Bastrop TX 78602 at an adjusted $389,972, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in TAHITIAN. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group