Based on 5 closed sales in LA VENTANA, the data points to a value around $1,151,160 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $871,000 to $881,000. This home's position in the current LA VENTANA market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 225 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 3.50 acres versus 2.01 for the typical comp. 3 similar homes are currently available in LA VENTANA, creating a buyer's market for this price range. Market data shows LA VENTANA prices risen 22.6% over the last half year. The closest comparable sale, 545 Ranchers Club LN, Driftwood TX 78619 at an adjusted $1,269,523, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in LA VENTANA. 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
