Reviewing the most recent comparable transactions, this home's market value falls around $312,631. For a well positioned listing in POINT VENTURE, I'd target the $327,000 to $328,000 range. In the current POINT VENTURE market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 102 sqft size difference versus comparable sales is reflected in the adjusted values. The 2017 construction puts this home 9 years newer than the comp average, a factor in the pricing. With 7 similar homes currently listed in POINT VENTURE (a buyer's market), competition is a factor to consider. Recent trends in POINT VENTURE show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 18678 Champions CIR, Point Venture TX 78645, with an adjusted value of $274,916; a strong comparable. 4 comparable transactions in POINT VENTURE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
