Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $917,470. I'd recommend coming to market at $899,000 to $936,000 to strike the right balance between value and market velocity. In the current POINT VENTURE1 market with 0 similar homes available, this price represents no active comparable homes on the market. The smaller floor plan (367 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.32 acre lot (smaller than the 0.69 acre average) is reflected in the estimate. The trend in 78645 shows prices have fallen 3.9% in the past 6 months. 21203 Santa Rosa Ave, Lago Vista TX 78645 nearby adjusts to $409,692; with a smaller floor plan. With 6 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
