The estimated value of this property is $388,832, based on 4 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $288,000 and $298,000. Among the similar homes currently available in POINT VENTURE, this price point stands out as competitive. At 229 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2018, this home is 8 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in POINT VENTURE; a buyer's market based on recent absorption. Recent trends in POINT VENTURE show home values have fallen 23.6% since 6 months ago. The most comparable recent sale is 721 Cedar DR, Point Venture TX 78645, with an adjusted value of $410,622; a strong comparable. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
