Based on 7 closed sales in TAHITIAN, the data points to a value around $377,188 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $434,000 to $435,000. This home's position in the current TAHITIAN market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 167 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1985 (20 years older than comps) is factored into the value estimate. Buyers in TAHITIAN have 7 comparable options right now, with asking prices between $389,000 and $499,000. Market data shows TAHITIAN prices fallen 2.3% over the last half year. The closest comparable sale, 169 KONA DR, Bastrop TX 78602 at an adjusted $391,171, is with a smaller floor plan. 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