The comparable sales data (7 recent transactions in POINT VENTURE2) supports an estimated value of $307,316. The data suggests a list price between $253,000 and $263,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in POINT VENTURE2, this home would be the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (571 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2003 (8 years older than comps) is factored into the value estimate. Right now, 3 similar properties are competing for buyers in POINT VENTURE2, listed between $275,000 and $450,000. Prices in 78645 have fallen 8.6% over the last 6 months. A similar home at 18514 Staghorn DR, Point Venture TX 78645 carries an adjusted comparable value of $400,045, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
