Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $555,503. I'd recommend coming to market at $579,000 to $616,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in POINT VENTURE2, this price positions the property as the most affordable of 3 comparable homes on the market. The 0.25 acre lot (smaller than the 0.28 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in POINT VENTURE2, ranging from $539,000 to $769,900. The trend in POINT VENTURE2 shows prices have risen 4.3% in the past 6 months. 429 Summit Ridge DR N, Point Venture TX 78645 nearby adjusts to $579,095; a strong comparable. 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
