After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $520,854. Pricing this home between $382,000 and $392,000 would put it in the competitive sweet spot for HIGHLAND LAKE ESTATES. Relative to what's currently available in HIGHLAND LAKE ESTATES, this home would be the 2nd most expensive of 7 comparable homes on the market. The larger lot (0.28 acres versus the area average of 0.24) contributes to the valuation. With 7 similar homes currently listed in HIGHLAND LAKE ESTATES (a buyer's market), competition is a factor to consider. Market data shows HIGHLAND LAKE ESTATES prices risen 0% over the last half year. The closest comparable sale, 2707 Wilson Ave, Lago Vista TX 78645 at an adjusted $573,580, is a strong comparable. 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
