7406 Reed DR, Volente TX 78641

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $761,110. To generate strong buyer interest while maximizing value, I'd price this between $796,000 and $803,000. In the current LAKE market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. Being 121 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1952 construction puts this home 37 years older than the comp average, a factor in the pricing. There are currently 2 similar homes on the market in LAKE, ranging from $750,000 to $899,000. The trend in LAKE shows prices have fallen 66.7% in the past 6 months. 15943 Booth CIR, Volente TX 78641 nearby adjusts to $1,184,974; with a larger floor plan. 7 comparable transactions in LAKE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group