The estimated value of this property is $443,641, based on 6 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $482,000 and $531,000. With 3 comparable homes on the market in POINT VENTURE, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (104 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2015, this home is 5 years newer than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in POINT VENTURE, listed between $429,900 and $698,850. Recent trends in POINT VENTURE show home values have fallen 23.6% since 6 months ago. The most comparable recent sale is 305 AUGUSTA CV, Point Venture TX 78645, with an adjusted value of $345,644; a strong comparable. Based on 6 relevant data points in POINT VENTURE, 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
