Based on 7 closed sales in HIGHLAND LAKE ESTATES, the data points to a value around $539,011 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,063,000 to $1,721,000. Relative to what's currently available in HIGHLAND LAKE ESTATES, this home would be the most affordable of 7 comparable homes on the market. The larger floor plan (1,237 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1993 (9 years older than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in HIGHLAND LAKE ESTATES, listed between $569,000 and $2,650,000. Market data shows HIGHLAND LAKE ESTATES prices risen 5.8% over the last half year. The closest comparable sale, 20632 Highland Lake DR, Lago Vista TX 78645 at an adjusted $530,797, is with a smaller floor plan. 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