The market data from 3 similar recent sales in VILLAGE VOLENTE points to a value of approximately $998,165. To sell within a reasonable timeframe at fair market value, the $880,000 to $890,000 range is where I'd position this. With 7 comparable homes on the market in VILLAGE VOLENTE, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Being 231 sqft larger than the average comparable sale in this area impacts the per square foot value. At 1.10 acres, the lot is smaller than the 1.29 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in VILLAGE VOLENTE, ranging from $849,900 to $2,145,000. In 78641, home values have risen approximately 1.7% over the past 6 months. One of the strongest data points is 16508 Jackson ST, Volente TX 78641, adjusting to $1,175,123; with a smaller floor plan. The 3 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
