After reviewing 4 recent transactions in TAHITIAN, I estimate this property's value at $334,613. A competitive list price for this home right now would fall in the $273,000 to $283,000 range. Relative to what's currently available in TAHITIAN, this home would be the 2nd least expensive of 4 comparable homes on the market. This home's smaller footprint (140 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.32 acres versus the area average of 0.28) contributes to the valuation. Current inventory shows 4 comparable homes in TAHITIAN; a buyer's market based on recent absorption. Prices in TAHITIAN have fallen 2.3% over the last 6 months. A similar home at 110 Kauai CT, Bastrop TX 78602 carries an adjusted comparable value of $345,423, providing a strong data point. With 4 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