The market data from 7 similar recent sales in PINNACLE points to a value of approximately $278,146. To sell within a reasonable timeframe at fair market value, the $317,000 to $322,000 range is where I'd position this. In the current PINNACLE market with 6 similar homes available, this price represents the most affordable of 6 comparable homes on the market. The 2006 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.14 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in PINNACLE, listed between $294,995 and $325,000. In PINNACLE, home values have risen approximately 2% over the past 6 months. One of the strongest data points is 1104 Hawkeye Point RD, Georgetown TX 78626, adjusting to $292,612; 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