After reviewing 7 recent transactions in HIGHLAND LAKE ESTATES, I estimate this property's value at $705,918. A competitive list price for this home right now would fall in the $555,000 to $565,000 range. This home's position in the current HIGHLAND LAKE ESTATES market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. The larger floor plan (488 sqft compared to the average comp) is a meaningful differentiator in this price range. At 12 years newer than typical comps, the 2019 build date influences the valuation. 7 similar homes are currently available in HIGHLAND LAKE ESTATES, creating a buyer's market for this price range. Prices in HIGHLAND LAKE ESTATES have risen 5.2% over the last 6 months. A similar home at 20802 & 20804 Mccormick CV, Lago Vista TX 78645 carries an adjusted comparable value of $698,351, providing a strong data point. The comp data here (7 sales in HIGHLAND LAKE ESTATES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
