Reviewing the most recent comparable transactions, this home's market value falls around $298,170. For a well positioned listing in REATA, I'd target the $322,000 to $348,000 range. At this price, the property would be the most affordable of 6 comparable homes on the market comparable homes currently on the market in REATA. At 0.18 acres, the lot is smaller than the 0.22 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in REATA, listed between $290,000 and $349,998. Recent trends in REATA show home values have fallen 18.9% since 6 months ago. The most comparable recent sale is 3412 Lonesome TRL, Georgetown TX 78628, with an adjusted value of $295,906; a strong comparable. The 4 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