602 E Island DR, Bluffton TX 78607

The market data from 7 similar recent sales in ISLAND points to a value of approximately $419,779. To sell within a reasonable timeframe at fair market value, the $217,000 to $227,000 range is where I'd position this. With 5 comparable homes on the market in ISLAND, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The 1970 construction puts this home 13 years older than the comp average, a factor in the pricing. At 1.40 acres, the lot is larger than the 0.46 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in ISLAND, listed between $230,000 and $750,000. In ISLAND, home values have fallen approximately 1.5% over the past 6 months. One of the strongest data points is 119 Lasso LOOP, Burnet TX 78611, adjusting to $575,137; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group