The market data from 3 similar recent sales in POINT VENTURE2 points to a value of approximately $332,372. To sell within a reasonable timeframe at fair market value, the $385,000 to $400,000 range is where I'd position this. Against 4 similar active listings in POINT VENTURE2, this price point lands at the most affordable of 4 comparable homes on the market. 4 similar homes are currently available in POINT VENTURE2, creating a buyer's market for this price range. In POINT VENTURE2, home values have fallen approximately 0.7% over the past 6 months. One of the strongest data points is 418 N Summit Ridge DR N, Lago Vista TX 78645, adjusting to $385,210; with a larger floor plan. The 3 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
