After reviewing 4 recent transactions in POINT VENTURE, I estimate this property's value at $554,821. A competitive list price for this home right now would fall in the $697,000 to $703,000 range. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in POINT VENTURE's current inventory. This home's larger footprint (531 sqft vs the comp average) plays a role in how the market prices it. There are currently 7 similar homes on the market in POINT VENTURE, ranging from $535,000 to $1,295,000. Prices in POINT VENTURE have fallen 18% over the last 6 months. A similar home at 19045 Venture DR, Point Venture TX 78645 carries an adjusted comparable value of $624,993, providing a strong data point. The comp data here (4 sales in POINT VENTURE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus