My analysis of 4 comparable properties puts this home's estimated value at $530,105. Based on how the local market is moving, a list price between $514,000 and $546,000 would position this home well. This pricing would rank the home as the most affordable of 4 comparable homes on the market in POINT VENTURE's current inventory. This home's larger footprint (270 sqft vs the comp average) plays a role in how the market prices it. At 5 years newer than typical comps, the 2018 build date influences the valuation. 4 similar homes are currently available in POINT VENTURE, creating a buyer's market for this price range. The 6 month price trend in POINT VENTURE: fallen 23.6%. The best comp here is 212 Venture BLVD S, Point Venture TX 78645 at an adjusted value of $456,806, with a larger floor plan. 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
