Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $660,187. I'd recommend coming to market at $533,000 to $543,000 to strike the right balance between value and market velocity. Among the similar homes currently available in POINT VENTURE1, this price point stands out as competitive. Built in 2020, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.37 acre lot (smaller than the 0.61 acre average) is reflected in the estimate. Right now, 4 similar properties are competing for buyers in POINT VENTURE1, listed between $499,000 and $699,999. The trend in 78645 shows prices have fallen 8.6% in the past 6 months. 18924 Peckham DR, Point Venture TX 78645 nearby adjusts to $745,105; a strong comparable. Based on 7 relevant data points in POINT VENTURE1, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
