My analysis of 7 comparable properties puts this home's estimated value at $461,693. Based on how the local market is moving, a list price between $505,000 and $558,000 would position this home well. This home's position in the current HIGHLAND LAKE ESTATES market: the most affordable of 3 comparable homes on the market among comparable properties. The larger lot (0.47 acres versus the area average of 0.38) contributes to the valuation. 3 similar homes are currently available in HIGHLAND LAKE ESTATES, creating a buyer's market for this price range. The 6 month price trend in HIGHLAND LAKE ESTATES: fallen 1.8%. The best comp here is 2808 Douglas CV, Lago Vista TX 78645 at an adjusted value of $404,534, with a smaller floor plan. With 7 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
