The market data from 7 similar recent sales in HIGHLAND LAKE VILLAS points to a value of approximately $176,076. To sell within a reasonable timeframe at fair market value, the $232,000 to $250,000 range is where I'd position this. Among the similar homes currently available in HIGHLAND LAKE VILLAS, this price point stands out as competitive. The 546 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.02 acres, the lot is smaller than the 0.12 acre comp average, which factors into pricing. With 7 similar homes currently listed in HIGHLAND LAKE VILLAS (a buyer's market), competition is a factor to consider. In 78645, home values have fallen approximately 8.1% over the past 6 months. One of the strongest data points is 8 Oaks PL, Lago Vista TX 78645, adjusting to $167,903; with a larger floor plan. 7 comparable transactions in HIGHLAND LAKE VILLAS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
