Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $679,943. I'd recommend coming to market at $912,000 to $1,166,000 to strike the right balance between value and market velocity. Against 5 similar active listings in POINT RIDGE HARBOR, this price point lands at the 3rd most expensive of 5 comparable homes on the market. This home's larger footprint (257 sqft vs the comp average) plays a role in how the market prices it. The 0.50 acre lot (larger than the 0.33 acre average) is reflected in the estimate. There are currently 5 similar homes on the market in POINT RIDGE HARBOR, ranging from $625,000 to $1,325,000. The trend in 78669 shows prices have risen 6.6% in the past 6 months. 330 Kendall RD, Spicewood TX 78669 nearby adjusts to $563,062; a strong comparable. With 4 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
