My analysis of 6 comparable properties puts this home's estimated value at $295,758. Based on how the local market is moving, a list price between $337,000 and $340,000 would position this home well. This home's position in the current HIGHLAND LAKE ESTATES market: the most affordable of 5 comparable homes on the market among comparable properties. Being 121 sqft smaller than the average comparable sale in this area impacts the per square foot value. With 5 similar homes currently listed in HIGHLAND LAKE ESTATES (a buyer's market), competition is a factor to consider. The 6 month price trend in HIGHLAND LAKE ESTATES: risen 1.9%. The best comp here is 2006 Omaha DR, Lago Vista TX 78645 at an adjusted value of $325,211, a strong comparable. With 6 comparable sales in HIGHLAND LAKE ESTATES, 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
