7606 Reed DR, Volente TX 78641

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $668,864. I'd recommend coming to market at $938,000 to $940,000 to strike the right balance between value and market velocity. In the current LAKE market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. Being 1,397 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1950, this home is 38 years older than the average comp, which is reflected in the adjustments. The active market in LAKE includes 3 comparable homes priced from $749,500 to $1,500,000. The trend in LAKE shows prices have fallen 66.7% in the past 6 months. 15943 Booth CIR, Volente TX 78641 nearby adjusts to $873,333; with a larger floor plan. With 7 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