Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $678,061. I'd recommend coming to market at $281,000 to $291,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78619, this price point stands out as competitive. Being 560 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1982, this home is 19 years older than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in 78619, listed between $255,000 and $899,000. The trend in 78619 shows prices have fallen 7% in the past 6 months. 765 Rolling Oaks DR, Driftwood TX 78619 nearby adjusts to $677,836; with a smaller floor plan. With 6 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