The market data from 7 similar recent sales in LA VENTANA points to a value of approximately $1,333,844. To sell within a reasonable timeframe at fair market value, the $1,307,000 to $1,361,000 range is where I'd position this. Against 1 similar active listings in LA VENTANA, this price point lands at below the only comparable home currently on the market. This home's larger footprint (440 sqft vs the comp average) plays a role in how the market prices it. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. Right now, 1 similar properties are competing for buyers in LA VENTANA, listed between $2,500,000 and $2,500,000. In LA VENTANA, home values have fallen approximately 20.6% over the past 6 months. One of the strongest data points is 3127 La Ventana PKWY, Driftwood TX 78619, adjusting to $1,631,443; with a smaller floor plan and no pool. 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
