The market data from 6 similar recent sales in LA VENTANA points to a value of approximately $1,401,872. To sell within a reasonable timeframe at fair market value, the $1,633,000 to $1,706,000 range is where I'd position this. Against 3 similar active listings in LA VENTANA, this price point lands at the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (411 sqft vs the comp average) plays a role in how the market prices it. The pool is a differentiator here, since 4 of 6 comparable sales didn't include one. Right now, 3 similar properties are competing for buyers in LA VENTANA, listed between $1,292,900 and $2,500,000. In LA VENTANA, home values have risen approximately 26.8% over the past 6 months. One of the strongest data points is 3127 La Ventana PKWY, Driftwood TX 78619, adjusting to $1,632,565; with a smaller floor plan and no pool. The 6 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
