Taking into account 7 nearby comparable sales, this property's estimated value comes to $1,178,804. If we were to list this property today, I'd recommend a list price in the $980,000 to $990,000 range. This home's position in the current ARROWHEAD POINT market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. Being 141 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 1982 (22 years older than comps) is factored into the value estimate. 4 similar homes are currently available in ARROWHEAD POINT, creating a buyer's market for this price range. The 6 month price trend in 78641: fallen 4.8%. The best comp here is 8140 Joy RD, Volente TX 78641 at an adjusted value of $1,393,832, with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in ARROWHEAD POINT. 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