Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $458,308. I'd recommend coming to market at $362,000 to $372,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 5 comparable homes on the market comparable homes currently on the market in POINT VENTURE. The larger floor plan (220 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.34 acre lot (larger than the 0.28 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in POINT VENTURE, listed between $349,900 and $539,900. The trend in POINT VENTURE shows prices have fallen 16.5% in the past 6 months. 18906 Venture DR, Point Venture TX 78645 nearby adjusts to $497,411; with a smaller floor plan. With 5 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
