1101 Ivean Pearson RD # D201, Lago Vista TX 78645

After reviewing 3 recent transactions in 78645, I estimate this property's value at $225,917. A competitive list price for this home right now would fall in the $219,000 to $233,000 range. Relative to what's currently available in 78645, this home would be the most affordable of 5 comparable homes on the market. At 6 years newer than typical comps, the 2008 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.18) contributes to the valuation. Current inventory shows 5 comparable homes in 78645; a buyer's market based on recent absorption. Prices in 78645 have fallen 5.6% over the last 6 months. A similar home at 18611 Staghorn DR, Point Venture TX 78645 carries an adjusted comparable value of $238,360, providing a strong data point. With 3 comparable sales in 78645, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group