Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $345,460. I'd recommend coming to market at $335,000 to $356,000 to strike the right balance between value and market velocity. With 1 comparable homes on the market in COLORADO SHORES LTD, this price positions the property as below the only comparable home currently on the market. Being 109 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1998, this home is 7 years older than the average comp, which is reflected in the adjustments. Current inventory shows 1 comparable homes in COLORADO SHORES LTD; a buyer's market based on recent absorption. The trend in 78602 shows prices have risen 0.2% in the past 6 months. 147 Shoreside DR, Bastrop TX 78602 nearby adjusts to $431,553; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
