7319 Reed DR, Volente TX 78641

Reviewing the most recent comparable transactions, this home's market value falls around $635,420. For a well positioned listing in LAKE, I'd target the $509,000 to $519,000 range. Against 3 similar active listings in LAKE, this price point lands at the 2nd most expensive of 3 comparable homes on the market. This home's smaller footprint (116 sqft vs the comp average) plays a role in how the market prices it. The 1949 construction puts this home 47 years older than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in LAKE, ranging from $500,000 to $1,200,000. Recent trends in 78641 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 7059 Comanche TRL # A, Austin TX 78732, with an adjusted value of $769,315; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group