Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,474,835. I'd recommend coming to market at $1,445,000 to $1,504,000 to strike the right balance between value and market velocity. With 0 comparable homes on the market in POINT VENTURE2, this price positions the property as no active comparable homes on the market. At 655 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2015, this home is 7 years newer than the average comp, which is reflected in the adjustments. The trend in 78645 shows prices have fallen 6.3% in the past 6 months. 405 Venture BLVD S, Point Venture TX 78645 nearby adjusts to $624,396; with a larger floor plan. With 3 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
