Based on 7 closed sales in HIGHLAND LAKE ESTATES, the data points to a value around $240,888 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $259,000 to $260,000. This would position the home competitively among 3 active listings in HIGHLAND LAKE ESTATES. Being 174 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1981 (8 years older than comps) is factored into the value estimate. The active market in HIGHLAND LAKE ESTATES includes 3 comparable homes priced from $185,000 to $299,000. Market data shows HIGHLAND LAKE ESTATES prices fallen 1.8% over the last half year. The closest comparable sale, 8 Oaks PL, Lago Vista TX 78645 at an adjusted $210,000, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in HIGHLAND LAKE ESTATES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group